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-   -   Canada in recession? (https://britishexpats.com/forum/canada-56/canada-recession-577896/)

Gremmie Dec 10th 2008 3:10 am

Re: Canada in recession?
 
My neighbor owns a car dealership,,he,s having his best ever year:confused:
His theory is that the MB economy is less volatile as that of ON. and other parts of Canada:huh:

andrewrb143 Dec 10th 2008 3:20 am

Re: Canada in recession?
 

Originally Posted by Gremmie (Post 7055987)
My neighbor owns a car dealership,,he,s having his best ever year:confused:
His theory is that the MB economy is less volatile as that of ON. and other parts of Canada:huh:

I'd agree with that, Manitoba has small booms and subsequent smaller busts, and is probably one of the best positioned provinces to whether the storm. Alberta and Ontario rely heavily on Oil and manufacturing respectively, which have been hit hard.

Gremmie Dec 10th 2008 3:26 am

Re: Canada in recession?
 

Originally Posted by andrewrb143 (Post 7056026)
I'd agree with that, Manitoba has small booms and subsequent smaller busts, and is probably one of the best positioned provinces to whether the storm. Alberta and Ontario rely heavily on Oil and manufacturing respectively, which have been hit hard.

And coz i,m so wise i chose to live here,rather than those other oily places:rofl::rofl:

Rich_007 Dec 10th 2008 3:29 am

Re: Canada in recession?
 

Originally Posted by deck (Post 7055853)
Im in england first ive heard canada is in the s... slowed down a bit yes but recession i dont think so.

Oh, OK. You'd know then.

R.

stan794 Dec 10th 2008 4:07 am

Re: Canada in recession?
 
I am due out in March on TWP to work in construction, would this be a foolish move at moment now this has been announced?

cheers

R I C H Dec 10th 2008 4:21 am

Re: Canada in recession?
 

Originally Posted by stan794 (Post 7056165)
I am due out in March on TWP to work in construction, would this be a foolish move at moment now this has been announced?

cheers

Depends if you have a job lined up, how secure it is, where it is, what sector of construction it is......

The announcement doesn't change anything in day to day terms.

MikeUK Dec 10th 2008 4:22 am

Re: Canada in recession?
 

Originally Posted by stan794 (Post 7056165)
I am due out in March on TWP to work in construction, would this be a foolish move at moment now this has been announced?

cheers

It depends where

Some economic effects creep across Canada at the speed of molasses, some more outlying parts could take an extra few months before its felt, along with that it’ll probably take and extra few months to recover
If the US pull back some jobs some places will take years to recover
Maybe if you have some raw material that stay’s in high demand during the recession then that area may benefit but most commodities and industry will be impacted

stan794 Dec 10th 2008 4:23 am

Re: Canada in recession?
 
Its in Vancouver, I have a job offer with a Plastering company.

jancal Dec 10th 2008 5:27 am

Re: Canada in recession?
 

Originally Posted by stan794 (Post 7056165)
I am due out in March on TWP to work in construction, would this be a foolish move at moment now this has been announced?

cheers

Sorry to bang on again but I did a thread last week on Coming to Alberta - the gist of which was to proceed with extreme caution at the moment if you are coming, especially to Calgary, on a TWP. Judging by some of the comments on here it may apply to many other provinces too - indeed all of Canada. If you are single then it's probably not such a big deal but for people with families I would really strongly recommend a second thought. The other problem can be how long the TWP is for one/two years as the may not be renewed again - even if you employer wants to keep you - the powers that be can refuse to renew - it almost happened to us when we first arrived. If it is felt that Canadians are seeking jobs they will not keep temporary workers.

jimf Dec 10th 2008 8:07 am

Re: Canada in recession?
 

Originally Posted by dbd33 (Post 7055551)
It'll be interesting to see what happens if Harper clings to power. The rest of the western world is pursuing Keynesian policies of economic stimulation which he rejects in favour of Reaganomics. One might expect that to lead disaster for Canada; surely Stephen Harper can't be right while the rest of the world is wrong? A stimulus package in the US might spill over the border but not if comes with protectionist measures such as repatriating American jobs. We may expect poverty but, at least, it'll be academically interesting poverty.


German ridicule for UK policies.....

http://news.bbc.co.uk/1/hi/business/7776462.stm

Looks like the Germans don't think much of the British Keynesian solution so Harper may not be out of step that much.

(I don't quite follow some of the figures at the end of the BBC article. Surely the German figures are millions not billions?)

Novocastrian Dec 10th 2008 8:15 am

Re: Canada in recession?
 

Originally Posted by jimf (Post 7056886)
German ridicule for UK policies.....

http://news.bbc.co.uk/1/hi/business/7776462.stm

Looks like the Germans don't think much of the British Keynesian solution so Harper may not be out of step that much.

(I don't quite follow some of the figures at the end of the BBC article. Surely the German figures are millions not billions?)

Ich denke dass Herr Steinbruck mit einem Gabelzunge spricht.

(ouch, that doesn't sound at all right in German)

Gremmie Dec 10th 2008 9:24 am

Re: Canada in recession?
 

Originally Posted by Novocastrian (Post 7056896)
Ich denke dass Herr Steinbruck mit einem Gabelzunge spricht.

(ouch, that doesn't sound at all right in German)

try-- Herr Steinbruck spricht mit gespaltene zunge:rofl:

Danny B Dec 10th 2008 12:03 pm

Re: Canada in recession?
 

Originally Posted by Gremmie (Post 7055987)
My neighbor owns a car dealership,,he,s having his best ever year:confused:
His theory is that the MB economy is less volatile as that of ON. and other parts of Canada:huh:

I thought you lived in Kamloops?

Dave+Jules Dec 10th 2008 3:15 pm

Re: Canada in recession?
 

Originally Posted by jimf (Post 7056886)
German ridicule for UK policies.....

http://news.bbc.co.uk/1/hi/business/7776462.stm

Looks like the Germans don't think much of the British Keynesian solution so Harper may not be out of step that much.

(I don't quite follow some of the figures at the end of the BBC article. Surely the German figures are millions not billions?)

heck lets all borrow and spend that will get us out of trouble. I will borrow money to build an extension on my garage and put in a wireless network out as far as the shed. I will also resurface the drive and replace all the windows.... see it is only sensible infrastructure spending surely that is not wrong ?

I am not saying spending spree stimuli is a bad thing but many of the frenzy spending that the world is embarking on is like "one up man ship" who can brag about the biggest bail out package! Heck everyone seems to trying to out do each other to win the bleakest outlook description award.

scrubbedexpat091 Dec 10th 2008 6:58 pm

Re: Canada in recession?
 

Originally Posted by purple80 (Post 7055460)
Yes, it's official here, working in a shop I have noticed that it has gone quiet even with Christmas coming up, people are using debit instead of credit cards.

The general populace appears to be worried and every day more job losses are announced.

Roll on 2009.....

Charlie


I work retail and see the same thing, lots of cash and debit, few credit cards, some days no credit cards.

Our sales are down quite a lot vs last year people just don't seem to be buying and you would never guess Christmas was in 2 weeks.

I am getting laid off on the 27th so count me in the unemployment in January.


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