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  Canada Immigration Forum > About Canada > Business > Are we headed for another recession?
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Are we headed for another recession?




chekram_04
Senior Desi
Member since: Nov 06




Posts: 427
Location: Mississauga


An article with interesting technical data http://www.canada.com/business/Canada+gains+blow+past+forecasts/6415542/story.html" target="_blank">LINK

Canada's job gains blow past forecasts

OTTAWA Canadas economy churned out a surprisingly robust 82,300 jobs in March, the biggest jump in more than three years, knocking the unemployment rate down to 7.2% for the first time since September 2011.

The jump in employment last month was the biggest since September 2008, led by full-time and private-sector hiring. That followed a loss of 2,800 positions in February, which had pushed the jobless rate to 7.4%


 
Post ID: 195218 12-04-12 20:48:59
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


Quote:
Originally posted by chekram_04
Canada's job gains blow past forecasts
which had pushed the jobless rate to 7.4%


So, you trust Govt. data...
Govt is not lying "True", but they are misrepresenting data.
For example: I know a guy who was making $126000 at the Federal Govt. He was laid off, & now he is working for $42000. Is this real employment, in one way yes), his laying off hasn't affected employment data... but he is far under-employed, to his capacity.

There are several examples likes this; there are plenty of low-paying jobs, which can't even take care of family's monthly expenses: from jobs data prespective, the person is employed, but still he can't pay his bills... thats where the weakness is.


 
Post ID: 195224 12-04-12 22:24:50
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imate2
Junior Desi
Member since: Mar 12




Posts: 21
Location:


Quote:
Originally posted by tamilkuravan

Sorry to hear the news.
Indian economy is going great guns, but please donot come to India and spoil the place.

peace



>> You left Canada more than a year back and looks like you have great interest in Canada, this place must be having a special place in your heart


 
Post ID: 195225 12-04-12 23:08:46
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web2000
Senior Desi
Member since: May 06




Posts: 849
Location:


Quote:
Originally posted by ashedfc

Quote:
Originally posted by chekram_04
Canada's job gains blow past forecasts
which had pushed the jobless rate to 7.4%


So, you trust Govt. data...
Govt is not lying "True", but they are misrepresenting data.
For example: I know a guy who was making $126000 at the Federal Govt. He was laid off, & now he is working for $42000. Is this real employment, in one way yes), his laying off hasn't affected employment data... but he is far under-employed, to his capacity.

There are several examples likes this; there are plenty of low-paying jobs, which can't even take care of family's monthly expenses: from jobs data prespective, the person is employed, but still he can't pay his bills... thats where the weakness is.



100% True.
Living standard is getting down in Canada. People are piling more and more debt.
Unless there is an open competition in businesses, things will never change. Corporates monopoly has to go away.


 
Post ID: 195242 13-04-12 10:07:57
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RBO
Senior Desi
Member since: Aug 06




Posts: 1752
Location: Mississauaga


IMO, we are entering in deep recession now,

I am working automobile dealership and compnay has started to give lay off and cutting off our hours from next week.

Thank God is Friday.........:-)


 
Post ID: 195274 13-04-12 17:07:20
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infocan
Senior Desi
Member since: Sep 03




Posts: 281
Location:


Quote:
Originally posted by ashedfc

Quote:
Originally posted by chekram_04
Canada's job gains blow past forecasts
which had pushed the jobless rate to 7.4%


So, you trust Govt. data...
Govt is not lying "True", but they are misrepresenting data.
For example: I know a guy who was making $126000 at the Federal Govt. He was laid off, & now he is working for $42000. Is this real employment, in one way yes), his laying off hasn't affected employment data... but he is far under-employed, to his capacity.

There are several examples likes this; there are plenty of low-paying jobs, which can't even take care of family's monthly expenses: from jobs data prespective, the person is employed, but still he can't pay his bills... thats where the weakness is.



I see such cases differently. He was getting 126k out of tax payer money. If he really have skills in demand . He can get job for similar salary anywhere in canada or US. I gave myself 3 months when I enter Canada to get job at certain level. Else I would have move back to UK or India. Real economy moves when jobs pays for itself. I give current govt full marks on trying /putting effort in removing red tape . I am sorry if people get hurt by my comments. The public sector jobs salary in canada is higher than anywhere in world.

-----------------------------------------------------------------
infocan

 
Post ID: 195278 13-04-12 21:43:58
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freakoutguy
Senior Desi
Member since: Sep 06




Posts: 666
Location: GTA


Quote:
Originally posted by RBO

IMO, we are entering in deep recession now,

I am working automobile dealership and compnay has started to give lay off and cutting off our hours from next week.

Thank God is Friday.........:-)



That's strange because I know somebody who works in another dealership who was mentioning that business couldnt be better ; It's a matter of perspective :cool:


 
Post ID: 195323 16-04-12 11:39:51
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Delhite
Senior Desi
Member since: Nov 04




Posts: 938
Location: Brampton


You guys believing the Car Sales persons. In this profession, they have to speak so much that even the sales person doesnt know what he/she promised. The profession is one of most non-trusted profession. They are expert in moving the caps (Topi).
-----------------------------------------------------------------
A Delhite in Toronto

 
Post ID: 195330 16-04-12 13:33:39
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


Quote:
Originally posted by Delhite

You guys believing the Car Sales persons. In this profession, they have to speak so much that even the sales person doesnt know what he/she promised. The profession is one of most non-trusted profession. They are expert in moving the caps (Topi).


Absolutely True,
Car sales persons has to speak that optimistic language, cause they want everyone to spend & spend into oblivion "a typical salesman approach"...
Jokes aside: as far as car sales is concerned, the sales are driven by financing terms & availability to sub-prime funding. As of now things are going good, because the new money printed by central banks worldwide is flooding the auto market with cheap finance; so much so that; almost all companies are just pushing sales, so their inventory shows lower number, & the Car company can record a higher profit, which is necessary. Dealers are able to sell the car, no matter how bad your credit rating is (typical sub-prime funding)..
Why its necessary, because most major countries are having elections in this year; & an auto company's better performance shows good on the general economy & helps them is reelection. Just now I came across this as the crying game of CAW has already started http://ca.finance.yahoo.com/news/caw-urges-government-protect-auto-145954151.html

So, where do we stand now... probably now its Ok, but the future isn't so good.. I mean "Its time to tighten the belts", those who are proactive are always ahead from those who are reactive.................. because either you tighten your belts yourself in advance or you will be eventually forced to ....

Don't worry guys; as long as central banks are ready with the "Ctrl+P" where P stands for print option on the electronic digital money (todays money), we will not see recession. I am betting rather we will see very high inflation, with lesser & lesser pay..

For those who want to know how bad Europe is check this one on "Spain"
http://www.businessinsider.com/chart-on-the-spanish-economy-2012-4?op=1

European Central bank's next round of money printing is coming very soon (probably in a month or so), than a similar printing for Portugal, than again for Italy, & it keeps going on... several trillions new money is coming into the system very soon (before the end of this year)........
& what happens when there's too much money chasing too few goods... the price goes up.... that's inflation (because its not due to increase in demand but its due to increase in the supply of money)..
This kind of inflation is more deadly as this price increase does not accompany proportionate wage increase (atleast not for everyone; not everyone can negotiate a pay increase; a lot of employees would get fired just for asking)..


 
Last edited by: ashedfc on 16-04-12 16:38:05
Post ID: 195343 16-04-12 15:42:42
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RBO
Senior Desi
Member since: Aug 06




Posts: 1752
Location: Mississauaga


Quote:
Originally posted by freakoutguy

Quote:
Originally posted by RBO

IMO, we are entering in deep recession now,

I am working automobile dealership and compnay has started to give lay off and cutting off our hours from next week.

Thank God is Friday.........:-)



That's strange because I know somebody who works in another dealership who was mentioning that business couldnt be better ; It's a matter of perspective :cool:



I don't know about your friend, but i am working in Service dept and business is really really slow compare to last couple of years.

rgds


 
Post ID: 195348 16-04-12 16:21:07
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Contributors:
ashedfc(8)  chekram_04(1)  Delhite(1)  dudewheresmycar(3)  febpreet(1)  freakoutguy(2)  imate2(1)  
infocan(2)  RBO(2)  tamilkuravan(1)  web2000(1)  word(1)  
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