‘A perfect storm’: Canada’s unemployment rate hits record high

A perfect storm of high unemployment, low wage growth and low income has turned the Canadian economy into a “dead zone,” said a new report released Monday by the Canadian Centre for Policy Alternatives.

The centre, a think-tank based in Toronto, found the country’s unemployment rates have surged past those recorded in the United States, where the rate was around 8 per cent in March and 10 per cent on May 1.

“The Canadian economy is now in a dead zone,” it said in a release.

“And the dead zone is being created by the Harper Conservatives.”

The Conservative government has made several attempts to shore up the economy by cutting benefits and other measures.

A recent poll by Forum Research found that one in five Canadians support cutting benefits.

But the centre said the economic fallout from the cutbacks has been far greater than those implemented by the Liberals and New Democrats in their previous governments.

“These cuts are having a ripple effect throughout the economy, with fewer jobs available for people who are trying to find work,” said Ben LaBolt, the centre’s director.

“This is a perfect storm.

It’s been driven by the Conservatives’ refusal to reduce taxes and the Tories’ desire to reduce social spending,” he added.

“This has been the worst recession since the Great Depression and it’s been the deepest recession since World War II.”‘

We can’t keep doing what we’re doing’The report said that even though the economy is doing better, the Harper government is struggling to maintain the low level of growth that it has been experiencing.

“We’re not getting as much bang for our buck as we would like,” said Jason Mercer, the executive director of the Canadian Association of University Teachers.

“What the Conservatives have done is take some of the tax cuts that they’ve had, cut them back, and then put a lot of new spending on that, and that has really contributed to the economy.”

The centre noted that the unemployment rate was at a record high of 8.9 per cent, with 3.3 million Canadians out of work, compared with 5.6 million in October.

“It is not fair that a growing economy is struggling with this high unemployment rate,” said Mercer.

That’s the reality.””

They’re still trying to do things that have worked, that have created jobs, that are raising wages and that have helped people.

That’s the reality.”

While the economy has been growing at a rapid pace since the onset of the recession in 2008-09, the unemployment figures suggest that the Canadian government’s austerity measures have not helped the country, according to Mercer.

“It is the worst economic situation that I have seen in Canada since the 1930s,” he said.

“When the unemployment was around 4 per cent it was still considered a crisis in Canada, and it still is.”

The government was forced to slash spending in the wake of the 2008 financial crisis, and the Harper Tories have since cut back on some spending and increased taxes, according in part because of the financial crisis.