Canada In A Recession?

Oil has become so vital a part of human existence, that it's monetary importance drives an entire country's economy! What will it be like when reserves of the stuff really become scarce? imp
 
Not just oil price; also commodity prices.
Australia is teetering on the verge of a contraction ATM due to falling prices for iron ore and coal exports.

Our growth at 0.2% this quarter was half what the budget predicted.
We have had nearly a quarter of a century of continuous growth, including during the GFC but things are definitely looking a bit grim now.
 

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