How long did the 1990s recession last in Canada?

In fact, due to unemployment remaining at higher levels until early 1994, some sources assert the early 1990s recession lasted until February 1994 in Canada, as the percentage of the working age population (15-64) being employed continued to decline until the following month.

How did poverty affect Canada in the 1990s?

The 1990s were a bleak period in Canadian history. The country was mired in deep recession and urban poverty affected a disquieting number of Canadians, particularly in Montreal, where 41.2% of the population lived in poverty during the first half of the decade The 1990s were a bleak period in Canadian history.

When did the recession start?

The recession began during the second quarter of 1990 as the result of sluggish economic growth during the previous year, and while growth began by Q2 1991, it was marginal. Given the persistent poverty in the country between 1990 and 1995, hardship in the real estate market was especially acute.

What problems did Canada face in the 1990s?

Canada's other major economic problem in the early 1990s was large budget deficits—federal and provincial. Because of these deficits, public debt was accumulating at an unsustainable rate, and foreign and domestic investors were becoming very nervous about holding Canadian government bonds.