{"id":15066,"date":"2015-12-08T07:02:52","date_gmt":"2015-12-08T12:02:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=15066"},"modified":"2015-12-08T07:02:52","modified_gmt":"2015-12-08T12:02:52","slug":"suicides-in-alberta-soar-in-wake-of-canadas-oilpatch-depression","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=15066","title":{"rendered":"Suicides In Alberta Soar In Wake Of Canada&#8217;s Oilpatch Depression"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-12-07\/canadas-oilpatch-depression-suicides-alberta-soar-wake-plunging-oil-prices-and-econo\" target=\"_blank\">Suicides In Alberta Soar In Wake Of Canada&#8217;s Oilpatch Depression<\/a><\/h3>\n<p class=\"title\">Over the past year, we have extensively chronicled the tragic story of Alberta &#8211; Canada&#8217;s once booming oilpatch &#8211; disintegrate slowly at first, then very fast, into an economic and financial wasteland:<\/p>\n<div class=\"tabs\">\n<div class=\"content\">\n<ul>\n<li><a href=\"http:\/\/www.zerohedge.com\/news\/2015-01-14\/canada-crude-contagion-calgary-home-prices-drop-most-2-years\">&#8220;Canada Crude Contagion: Calgary Home Prices Drop Most In 2 Years&#8221;<\/a><\/li>\n<li><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-24\/canadas-biggest-oil-casualty-date-calgarys-nexen-shutters-oil-trading-desk\">&#8220;Canada&#8217;s Biggest Oil Casualty To Date: Calgary&#8217;s Nexen Shutters Oil Trading Desk&#8221;<\/a><\/li>\n<li><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-24\/canadian-housing-bubble-has-begun-burst\">&#8220;The Canadian Housing Bubble Has Begun To Burst&#8221;<\/a><\/li>\n<li><a href=\"http:\/\/www.zerohedge.com\/news\/2015-06-26\/mourning-malinvestment-canadas-oil-patch-confidence-crashes\">&#8220;Canada&#8217;s Oil Patch Confidence Crashes&#8221;<\/a><\/li>\n<li><a href=\"http:\/\/www.zerohedge.com\/news\/2015-02-01\/canada-mauled-oil-bust-job-losses-pile-%E2%80%93-housing-bubble-banks-risk\">&#8220;Canada Mauled by Oil Bust, Job Losses Pile Up \u2013 Housing Bubble, Banks at Risk&#8221;<\/a><\/li>\n<li><a href=\"http:\/\/www.zerohedge.com\/news\/2015-02-03\/stage-set-massive-housing-market-correction-canadas-oilpatch\">&#8220;The Stage Is Set For A Massive Housing Market Correction in Canada&#8217;s Oilpatch&#8221;<\/a><\/li>\n<\/ul>\n<p>And, in the last article in this sad series describing the Alberta\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2015-11-11\/its-bloodbath-here-biggest-casualty-canadas-recession\">&#8220;bloodbath&#8221;,\u00a0<\/a>we said that the biggest casualty of Canada&#8217;s recession has been the local commercial real estate market, where office vacancies are about to surpass the aftermath of the (first) great financial crisis.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2015\/11\/vacany%20rates_0.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2015\/11\/vacany%20rates_0_0.jpg\" alt=\"\" width=\"600\" height=\"325\" \/><\/a><\/p>\n<p>We were wrong: the biggest casualty of Canada&#8217;s recession, which unless oil rebounds strongly soon will follow Brazil into an all out depression, are people themselves. As\u00a0<a href=\"http:\/\/www.cbc.ca\/news\/canada\/calgary\/suicide-rate-alberta-increase-layoffs-1.3353662\">CBC reports\u00a0<\/a><strong>the suicide rate in Alberta has increased dramatically in the wake of mounting job losses across the province.<\/strong><\/p>\n<p>According to the Canadian media, the most recent data only goes to June, but according to the chief medical examiner&#8217;s office,\u00a0<strong>30 per cent more Albertans took their lives in the first half of this year compared to the same period last year.<\/strong><\/p>\n<p>That&#8217;s how bad Canada&#8217;s economic recession is: the real casualties are no longer metaphorical economic objects, but the very people who until recently enjoyed comfortable lives only to succumb to an unprecedented collapse in the local economy.<\/p>\n<p>Here are the statistics as\u00a0<a href=\"http:\/\/www.cbc.ca\/news\/canada\/calgary\/suicide-rate-alberta-increase-layoffs-1.3353662\">reported by CBC<\/a>:<\/p>\n<ul>\n<li>From January to June 2014, there were 252 suicides in Alberta.<\/li>\n<li>During the same period this year, there were 327.<\/li>\n<\/ul>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Suicides In Alberta Soar In Wake Of Canada&#8217;s Oilpatch Depression Over the past year, we have extensively chronicled the tragic story of Alberta &#8211; Canada&#8217;s once booming oilpatch &#8211; disintegrate slowly at first, then very fast, into an economic and financial wasteland: &#8220;Canada Crude Contagion: Calgary Home Prices Drop Most In 2 Years&#8221; &#8220;Canada&#8217;s Biggest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[1082,90,103,3544,10096,4333,406,2340,668,1264,4318],"class_list":["post-15066","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-alberta","tag-brazil","tag-canada","tag-cbc","tag-commercial-real-estate","tag-crude","tag-housing-bubble","tag-housing-market","tag-real-estate","tag-recession","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15066"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15066\/revisions"}],"predecessor-version":[{"id":15067,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15066\/revisions\/15067"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}