Nov 07 2009

Hard Times Here to Stay? Looks that Way. What Do You Think?

Published by at 9:40 am under Canada,politics

The news on Canada’s economy is not looking good. But what do the experts really know? Time for a poll.

Sad to say, I know a lot of people affected by this recession who have lost their job or their business and are going through some very tough times. I’m grateful for my good fortune in avoiding the worst effects of this economic tsunami in my own life and work and send my best wishes to those friends and family members who have been affected directly or indirectly.

This too shall pass.

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3 responses so far

3 Responses to “Hard Times Here to Stay? Looks that Way. What Do You Think?”

  1. wilsonon 07 Nov 2009 at 11:48 am

    Maybe some perspective on jobs.
    From 1978 – 2008 (30 years)

    only years in last 30 that unemployment dropped below 7%
    …2000, 2005, 2006, 2007, 2008
    Many young people have never experienced not being able to find a job.

    years unemployment was above 9% (predicted high in this recession)
    …1982, 1983, 1984, 1985, 1986, 1991, 1992, 1993, 1994, 1995, 1996, 1997

    and when you look at a graph, a pic being worth a thousand words, this is a time to look at the 21st century as good times IMO

  2. Aviatoron 07 Nov 2009 at 1:42 pm

    There is always an upturn in unemployment in the winter months due to the large number of seasonal jobs in Canada. Don’t feed the panic artists!

  3. Kevinon 07 Nov 2009 at 4:07 pm

    That article is a little too optomistic.

    In 1985 we borrowed 45% of our gross salaries and wages to pay for housing. By April of 2009 we borrowed 110%. This of course is an average of our entire country including those without mortgages.

    To the bulls and bears, please put aside your emotions. A real estate correction is written into the cards. It’s a mathematical must.

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