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the surge in the loonie
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... is imported, most of it from the Middle East at a cost of over $30 billion a year In August, foreigners sold more U.S. securities than they purchased, the sharpest drop in many years signaling a loss of appetite in U.S. securities by private foreign investors ...
THE SURGE IN THE LOONIE:
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Recession

In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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