Canada in recession?
#16
BE Forum Addict
Joined: Jun 2007
Location: 9 years in the canadian trucking industry... Niverville MB
Posts: 4,423
Re: Canada in recession?
My neighbor owns a car dealership,,he,s having his best ever year
His theory is that the MB economy is less volatile as that of ON. and other parts of Canada
His theory is that the MB economy is less volatile as that of ON. and other parts of Canada
#17
Re: Canada in recession?
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.
#18
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Joined: Jun 2007
Location: 9 years in the canadian trucking industry... Niverville MB
Posts: 4,423
Re: Canada in recession?
And coz i,m so wise i chose to live here,rather than those other oily places
#20
Just Joined
Joined: Oct 2008
Posts: 22
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
cheers
#21
Re: Canada in recession?
The announcement doesn't change anything in day to day terms.
#22
Part Time Poster
Joined: Jan 2004
Location: Worcestershire
Posts: 4,219
Re: Canada in recession?
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
#23
Just Joined
Joined: Oct 2008
Posts: 22
Re: Canada in recession?
Its in Vancouver, I have a job offer with a Plastering company.
#24
Joined: May 2008
Posts: 129
Re: Canada in recession?
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.
#25
Re: Canada in recession?
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?)
#26
Re: Canada in recession?
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?)
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?)
(ouch, that doesn't sound at all right in German)
#27
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Joined: Jun 2007
Location: 9 years in the canadian trucking industry... Niverville MB
Posts: 4,423
#29
Re: Canada in recession?
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?)
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?)
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.
#30
Account Closed
Joined: Jan 2006
Posts: 0
Re: Canada in recession?
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
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.