The Great Recession has had a more negative impact in Canada than in the United States.

Question

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The Great Recession had a greater impact on the United States than on Canada. While both countries experienced a recession and slowdown in economic growth, the impact in the U.S. was more severe with higher unemployment rates and a larger drop in GDP. Additionally, the U.S. housing market was hit harder than the Canadian housing market, leading to a greater number of foreclosures and increased financial instability.

The Great Recession Has Had a More Negative Impact in Canada