Localizing a global recession in Toronto
From Rosedale to Regent Park, the recession of 2008-09 affects every one of Toronto’s two and a half million residents. Behind the daily news of plummeting stock prices and corporate bailouts lie the stories of ordinary Canadians.
For some, the recession breeds innovation, like grassroots efforts toward eco-frugal living and recycling old clothes for new designs.
For others, like beauty queens who can't pay their pageant fees, or car dealers sitting on stagnant inventory, the crisis manifests in radically different ways.
With an economy on the precipice—the federal government projects almost $85 billion in deficits by 2013—the stakes are high for all of us. Who’s cashing in and who’s losing out?
Featured stories:
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Vanity fare: In an economic crisis, how do we choose what leisures and luxuries to live without? |
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Risk and opportunity: The recession puts us all at risk, some more than others. Meet some of the people trying to turn a dire situation around. |
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Wo/men—casualties of the crash: The recession highlights outdated gender expectations. |
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Resilience—growing out of a soiled economy: A host of businesses and organizations are thriving in the economic storm. |
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Survival of the fittest: The recession has struck Toronto leaving some cutting their loses and others finding new ways to succeed. | Voices from the recession: Local Torontonians describe their hopes, fears, struggles and successes as they weigh the impact of Wall Street's downfall on their lives. |