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Global Economic Crisis and Canadian Austerity

Perception versus Reality

Toronto — 23 March 2012.

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It is now broadly recognized that the global economic crisis that struck in late 2007 is by far the most significant and wide-ranging since the Depression years of the 1930s. Given fears of an ongoing recession, particularly as a result of Europe's sovereign debt crisis and a record level U.S. budget deficit, the global recession that struck in 2007 is by no means over.

Federal, provincial and local governments across the country, regardless of political stripe, are turning to a range of austerity measures that will erode public services and the quality of public sector employment. It is also being demanded that private sector workers take pay and benefit cuts. This conference examines the full effects of the global economic crisis and its implications for Canada.

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