Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Friday, November 30, 2012

Canadian economy stuck in neutral

Canada's economic expansion slowed to a crawl in the third quarter, growing by 0.1 per cent in the three months ended September and expanding at a pace of less than one per cent for the year as a whole, according to data released today.

Statistics Canada said Friday the country's gross domestic product expanded at a 0.6 per cent annualized pace, down from 0.8 per cent during the second quarter because of less investment by businesses and slumping exports.

For comparison purposes, the U.S. economy is currently expanding at a 2.7 per cent annual pace.

Canadian exports shrank by two per cent during the period, the largest decline since the second quarter of 2009.

Emanuella Enenajor, an economist at CIBC World Markets, says the domestic demand helped offset Canada's weak exports during the quarter.

"Growth in the quarter was almost entirely driven by household consumption," Enenajor wrote in a note.

Original Article
Source: CBC
Author: cbc
Topics: ,

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