Two consecutive quarters of negative growth have officially placed Canada in a recession. This year’s first quarter saw Gross Domestic Product (GDP) fall by 0.8% and the second quarter decrease by 0.5%. The country’s last recession was during the 2008-2009 financial crisis. Drastically falling oil prices have been the biggest(…)
More than 307,000 U.S. military veterans may have died while their health care applications were stalled in a bureaucratic backlog at the Department of Veterans Affairs (VA), according to a report from the agency’s inspector general. There were a total of 800,000 records held up in total, some of which(…)
All eyes are on the Federal Reserve and chair Janet Yellen, ahead of a meeting of the central bank on September 16-17 where it may take the decision to raise interest rates for the first time since June 2006. Rates were raised to 5.25% in 2006, but soon afterwards the(…)
