What similarities (2007-2009 crisis) exist between experiences in Canada, USA and the host country? 

The financial crisis of 2007-08 triggered the economic crisis in the United States and spread

steadily to other nations.

Step-by-step explanation

 The financial crisis of 2007-08 triggered the economic crisis in the United States and spread

steadily to other nations. Lower birth rates, extremely increased rates of student loan debt,

and reduced employment opportunities for young people were experienced and persisted for a

long time in all the nations impacted by the 2007-2009 crisis. (Olbry?, Et al, 2017).

Unemployment peaked dramatically in 2009, where there was a major percent rise. A rapid

spike in unemployment, which started in early 2008 and continued until late 2009,

affected all the countries. This led to major reductions in the impacted nations in gross

domestic product. As majority of individuals lost their homes, employment, and investments,

the nations' rate of poverty rose. Owing to the financial crisis, the GDP of the world shrank

by a significant proportion. (Burzala, 2016). Economic shutdowns of varying magnitude were

encountered by affected nations that forced them to sought to react with stimulus packages.

The crisis had grave to political consequences in these nations. Governments were failing,

and the banks of the world became state owned.

Countries have experienced autonomous debt problems that have needed action by the

European Central Bank, the European Union and the International Monetary Fund (IMF) and

have resulted in strict policies being implemented. Recovery became sluggish and

inconsistent in all the countries impacted by the 2007-2009 recession and the wider social

effects of the slowdown were greater. (Grace, Et al, 2017).