Go Back  British Expats > Living & Moving Abroad > Canada
Reload this Page >

Canada recession looming?

Canada recession looming?

Old Jun 30th 2012, 4:52 am
  #1  
Beep
Thread Starter
 
el_richo's Avatar
 
Joined: Jan 2009
Location: Here
Posts: 8,311
el_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond repute
Default Canada recession looming?

So with the budget cuts in both public and private sectors taking shape, sales in the high street slowing, and property prices stalling in certain areas, will we see a recession soon?

Or will it just be a shit few years?

I think it'll be tough times from mid 2013 for a few years.

I also think the UK will be on an opposite trajectory.

I think the recent changes to the immigration process will save some heartache for many wannabe migrants.
el_richo is offline  
Old Jun 30th 2012, 4:59 am
  #2  
 
Joined: Aug 2005
Posts: 14,227
Alan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond repute
Default Re: Canada recession looming?

Well, nothing got fixed in 2008 - what did people expect?
Alan2005 is offline  
Old Jun 30th 2012, 5:04 am
  #3  
Lost in BE Cyberspace
 
Joined: Nov 2011
Location: Somewhere between Vancouver & St Johns
Posts: 19,726
Former Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond reputeFormer Lancastrian has a reputation beyond repute
Default Re: Canada recession looming?

Better ask the experts who did not see the crash a few years ago
I think it will be a shit few years with more job losses in certain sectors but its been like that for years so how is it different. This cycle with the Feds also happened in the early 90s lots of workers laid off and not replaced but they hired more years down the road.
The housing market will correct itself eventually. The ridiculous prices in Vancouver, Toronto and Calgary etc have pushed prices up in other areas that are now becoming too high and pricing people out of the market.
I think the UK is still going to be hit with some more recession and austerity measures forcing more of its citizens wanting to get the hell out.
There again Im no expert and really dont have a ****ing clue what will happen nor can I control things.
As long as the glass is half full of rum and coke Im ok with that.
Former Lancastrian is offline  
Old Jun 30th 2012, 5:38 am
  #4  
half a century
 
The4BellsLondon's Avatar
 
Joined: Mar 2008
Location: Sarf Lundun to East Van :)
Posts: 10,222
The4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond repute
Default Re: Canada recession looming?

Hopefully the housing market will crash
The4BellsLondon is offline  
Old Jun 30th 2012, 5:54 am
  #5  
slanderer of the innocent
 
Joined: Dec 2008
Location: Vancouver, BC
Posts: 6,695
ExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond repute
Default Re: Canada recession looming?

not in mining/energy

http://www.theglobeandmail.com/repor...rticle4379556/
ExKiwilass is offline  
Old Jun 30th 2012, 6:00 am
  #6  
 
Joined: Aug 2005
Posts: 14,227
Alan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond repute
Default Re: Canada recession looming?

Originally Posted by The4BellsLondon View Post
Hopefully the housing market will crash
I used to think this would happen. It still might, but do not underestimate how far the government will go to prevent this happening, a drop yes, serious crash - unlikely imo.

More likely is that interest rates will be lowered and/or money will be printed thus stealing from anyone with savings or on a fixed income. I'd guess that right now, savings in cash are probably losing about 3 or 4% a year in value in real terms. Not a problem if what you want to buy is losing value quicker than that, but over the long term it's a risky strategy as the state will choose inflation over deflation every single time the economy goes down the toilet.

This shit still pisses me off
Alan2005 is offline  
Old Jun 30th 2012, 6:01 am
  #7  
Grumpy Know-it-all
 
Steve_'s Avatar
 
Joined: Jul 2010
Location: Calgary, Alberta
Posts: 8,928
Steve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond repute
Default Re: Canada recession looming?

Hard to see how, the world needs all our natural resources and they'll need more if their economies ever recover, oil, gas, potash, lumber, the list goes on... look at all the potash mines being set up in Saskatchewan.
Steve_ is offline  
Old Jun 30th 2012, 6:03 am
  #8  
Beep
Thread Starter
 
el_richo's Avatar
 
Joined: Jan 2009
Location: Here
Posts: 8,311
el_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond reputeel_richo has a reputation beyond repute
Default Re: Canada recession looming?

Maybe BC will be more ****ed than the rest.
el_richo is offline  
Old Jun 30th 2012, 6:08 am
  #9  
 
Joined: Aug 2005
Posts: 14,227
Alan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond reputeAlan2005 has a reputation beyond repute
Default Re: Canada recession looming?

Originally Posted by Steve_ View Post
Hard to see how, the world needs all our natural resources and they'll need more if their economies ever recover, oil, gas, potash, lumber, the list goes on... look at all the potash mines being set up in Saskatchewan.
What percentage of Canadians work in the resource industry do you think?
Alan2005 is offline  
Old Jun 30th 2012, 6:13 am
  #10  
half a century
 
The4BellsLondon's Avatar
 
Joined: Mar 2008
Location: Sarf Lundun to East Van :)
Posts: 10,222
The4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond reputeThe4BellsLondon has a reputation beyond repute
Default Re: Canada recession looming?

Originally Posted by Alan2005 View Post
I used to think this would happen. It still might, but do not underestimate how far the government will go to prevent this happening, a drop yes, serious crash - unlikely imo.

More likely is that interest rates will be lowered and/or money will be printed thus stealing from anyone with savings or on a fixed income. I'd guess that right now, savings in cash are probably losing about 3 or 4% a year in value in real terms. Not a problem if what you want to buy is losing value quicker than that, but over the long term it's a risky strategy as the state will choose inflation over deflation every single time the economy goes down the toilet.

This shit still pisses me off
Hush let me be happy in my deluded little world xx
Ps hi nice to see you back
The4BellsLondon is offline  
Old Jun 30th 2012, 6:16 am
  #11  
Grumpy Know-it-all
 
Steve_'s Avatar
 
Joined: Jul 2010
Location: Calgary, Alberta
Posts: 8,928
Steve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond reputeSteve_ has a reputation beyond repute
Default Re: Canada recession looming?

Originally Posted by Alan2005 View Post
What percentage of Canadians work in the resource industry do you think?
More concerned about what percentage of Albertans work in it.
Steve_ is offline  
Old Jun 30th 2012, 6:28 am
  #12  
slanderer of the innocent
 
Joined: Dec 2008
Location: Vancouver, BC
Posts: 6,695
ExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond reputeExKiwilass has a reputation beyond repute
Default Re: Canada recession looming?

Originally Posted by Alan2005 View Post
What percentage of Canadians work in the resource industry do you think?
me Lots of activity in BC.
ExKiwilass is offline  
Old Jun 30th 2012, 8:46 am
  #13  
BE Enthusiast
 
Joined: Mar 2009
Posts: 471
phat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to beholdphat-dave is a splendid one to behold
Default Re: Canada recession looming?

given the natural resources you possess, you'll be in the same boat as Australia.... 95% of the population will be in doldrums but the official GDP figures will still be positive and the politicians will high five themselves and bullshit how how well they steered Canada through tough economic times and subsequently give themselves a pay rise.

Meanwhile the real population are struggling with high costs of living, limited job prospects outside major metropolitan or mining areas and the country battles through poor spending of education, health and other major infrastructure monies.

good times, good times.
phat-dave is offline  
Old Jun 30th 2012, 12:35 pm
  #14  
Banned
 
Joined: Aug 2005
Location: Canada
Posts: 314
didikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to alldidikai is a name known to all
Default Re: Canada recession looming?

Originally Posted by el_richo View Post
So with the budget cuts in both public and private sectors taking shape, sales in the high street slowing, and property prices stalling in certain areas, will we see a recession soon?

Or will it just be a shit few years?

I think it'll be tough times from mid 2013 for a few years.

I also think the UK will be on an opposite trajectory.

I think the recent changes to the immigration process will save some heartache for many wannabe migrants.
I think we'll all be moving to Yorkshire. I hear it's booming there.
didikai is offline  
Old Jun 30th 2012, 12:44 pm
  #15  
Forum Regular
 
Joined: Jul 2009
Location: Toronto
Posts: 220
reeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud ofreeni has much to be proud of
Default Re: Canada recession looming?

Originally Posted by didikai View Post
I think we'll all be moving to Yorkshire. I hear it's booming there.
lolololololol
reeni is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information -

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.