The death toll from the global financial crisis has reached $1,637 billion in the first seven months of the year, according to a new study by economists at the University of British Columbia.
The study also found the Canadian economy shrank by 0.6 per cent in the same period.
The UBC study, which was published Monday in the Canadian Journal of Economics, looked at economic growth and unemployment from the end of January to the end in March.
It found the rate of growth was 1.4 per cent.
That’s a significant drop from the 2.5 per cent growth the economy saw in the three months ending March 31, when the economy was still recovering from the fallout from the financial crisis.
“The recession that began in 2007 is the only recession that has not been followed by another downturn,” said UBC economist Peter Van Loan.
“This has been a significant challenge to our economic recovery.
It’s a challenge that will be difficult to overcome.”
The recession in Canada has been the worst in the developed world.
Since the start of the financial recession in 2007, Canada has experienced a 7.5-per-cent decline in economic output.
The country has also been hit by a string of violent attacks, with a wave of hate crimes that hit Canada in the spring of 2018.
The recent spike in hate crimes has also led to increased calls for increased police presence and increased surveillance of groups of people in the country.
“In some ways, the government response has been very good, but in others it’s not as effective as it could be,” said Van Loan, who co-authored the report with senior fellow Dr. Richard Burt.
“A lot of it has to do with the fact that we have a government that is very interested in its own self-interest.
It’s hard to say whether it’s going to be successful in the long run, but it’s a very important question to ask.”