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Wednesday, November 25, 2009, 2:10PM ET - Canadian Markets close in 1 hour and 50 minutes.
Recessions are usually regarded as nasty times, but soaring unemployment and sputtering stock markets do have an unexpected sunny side. They make us healthier.
Christopher Ruhm, an economics professor at the University of North Carolina at Greensboro, has spent more than a decade studying the effects of economic booms and busts on our well-being. He’s examined recessions in the U.S., Canada and other industrialized countries going back to the 1960s, and he’s boiled his findings down to a simple formula—a one percentage point rise in unemployment causes the death rate to fall by half a percent and the overall number of medical problems to fall 1.5 per cent. “I’m not advocating recessions,” says Ruhm. “But it seems that when times are bad and so many things are beyond our control, people decide that what they can take charge of is their own health.”
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| Mortgages Type | Rate |
|---|---|
| 1-yr Closed | 3.54% |
| 3-yr Closed | 4.15% |
| 5-yr Closed | 4.97% |
| GICs Type | Rate |
|---|---|
| 1-yr Annual | 0.95% |
| 3-yr Annual | 2.12% |
| 5-yr Annual | 2.77% |
| RRSP Type | Rate |
|---|---|
| 1-yr | 0.94% |
| 3-yr | 2.09% |
| 5-yr | 2.75% |



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