(MENAFN) The Canadian economy contracted 0.5 percent in the second quarter after declining 0.8 percent in the previous three months, thus leading the country into a recession, according to government's data.
China which is considered the major engine of global health has its plunging economy to blame, as Canada's figures add to escalating fears about the health of the global economy.
Moreover, the world's fifth-largest oil producer has been hit hard by the plunge in world oil prices from above $100 last year to about $52 now, thus putting more pressure on the agonizing government.
Furthermore, the political campaign trail, where economic management has become a defining issue, let alone bolstering opposition which began to call for a change of administration.
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