Should we move to Canada during this recession?


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jigcy   
Member since: Feb 09
Posts: 23
Location:

Post ID: #PID Posted on: 03-03-09 06:46:58

Hi CD family,

Our Canada immigration papers are through...hurray!!!! Thats my first thought,but there is a global recession :-(( Is this the best time to relocate????

Let me give some background of our family. We are styaing in Dubai at present.I am from a banking background with 5 years of exp in the Indian market.I have always been in the retail dept of the Bank and so had a lot of customer interaction. I have not worked since my marriage(2 yrs) as we have a 15 month old son. I want to work full or part time in Canada. My husband has been in Dubai since the last 9 years in the Telecom sector. he is an electronic engineer. he has 5 yrs of indian exp too.

We know that Canada is a land of opportunities but one has to work really hard to achieve it. i have read a lot of the post on Cd and so know that canada will be a big challenge for us.

Given the global recession, we would like some feedback regarding what we must do, and how we must go about it. Is this the best time to come to Canada???

:confused: :confused: :confused:

Thanks
jigcy



Iknownothing   
Member since: Jan 08
Posts: 429
Location: Ohio

Post ID: #PID Posted on: 03-03-09 11:04:25

Quote:
Originally posted by jigcy

Hi CD family,

Our Canada immigration papers are through...hurray!!!! Thats my first thought,but there is a global recession :-(( Is this the best time to relocate????

Let me give some background of our family. We are styaing in Dubai at present.I am from a banking background with 5 years of exp in the Indian market.I have always been in the retail dept of the Bank and so had a lot of customer interaction. I have not worked since my marriage(2 yrs) as we have a 15 month old son. I want to work full or part time in Canada. My husband has been in Dubai since the last 9 years in the Telecom sector. he is an electronic engineer. he has 5 yrs of indian exp too.

We know that Canada is a land of opportunities but one has to work really hard to achieve it. i have read a lot of the post on Cd and so know that canada will be a big challenge for us.

Given the global recession, we would like some feedback regarding what we must do, and how we must go about it. Is this the best time to come to Canada???

:confused: :confused: :confused:

Thanks
jigcy





There is never a good time to come to La La land.



Garvo Gujarati   
Member since: Nov 01
Posts: 3116
Location:

Post ID: #PID Posted on: 03-03-09 13:40:24


It would be a challenge to get a job in this situation. I would delay coming as far as possible. Another option is to come here, get the PR and go back.


-----------------------------------------------------------------
A Proud Indian Canadian


Vandematram   
Member since: Nov 08
Posts: 1448
Location: Sunny - Leone

Post ID: #PID Posted on: 03-03-09 17:19:12

I second GG !.

Many a times we tend to say/write things which might sound very negative or bleak. Many a times many people who are on the other side of the pond tend to take this as general rant/venting of frustration. Many of us want to give you the honest opinion to save you from the mistakes we made. You would realize this only when you land and get to interact with people on the street to get the real feedback. Many a times people tend to have good jobs and have access to internet and would give a picture which is from their view point which might be very different from the one on the ground. Many others tend to feel that we are having a rollicking life here and we do not want you guys to have it. It is not so. The situation is very bad. Just a few minutes ago on the drive back my daughter was mentioning that many of her friends parents who work for companies like Bell, Rogers and others are literally shivering in the pants as layoffs are happening quietly. My wife was reporting that 3 of the husbands of her colleagues at her work have been laid off in the last week. All of them have been working in the same organization for the past 10 to 15 years.

If you have a good job/security for the next 2 years, I would suggest you to come here and get back to safety.

By the way is this write up on Dubai true ?.

http://www.atimes.com/atimes/Global_Economy/KB28Dj02.html

Feb 28, 2009



Beggar, I thy neighbor
By Chan Akya

Across the world, a number of previously autonomous republics are being forced to swallow their pride in the wake of the unfurling economic crisis. Often the cost of a bailout from a rich neighbor has been political accommodation, but even here shifts are only just beginning.

One of the more interesting stories deals with Dubai, the previously sleepy smugglers' port in the United Arab Emirates (UAE) that suddenly had aspirations to global dominance, as exemplified by the Burj Dubai, the world's tallest building (as an aside, building the world's tallest building almost always condemns the country to an economic downturn; the skyscraper curse is not urban legend).

Anyway, for a country with global aspirations and supposedly US$100 billion in asset values through the stock and property markets, Dubai found it well-nigh impossible to fund the ruling family's hobby horses in banks, hotels and ports around the world, not to mention the real-estate boom that has been ongoing from 2002.

:cry: The ruling al-Maktoum family of Dubai reportedly approached their cousins, the al-Zayed family, running Abu Dhabi, for terms of a bailout. Initial conversations were allegedly heated, with the latter demanding that Dubai hand over control of its iconic airline, Emirates, as well as stakes in its biggest property firms, including Emaar and even Dubai Holdings (the ruling family's in-house collection of vanity businesses). With oil prices down and nursing its own losses on ill-fated investments in American and European financial firms in 2008, the al-Zayed family was reportedly not very keen on being on the delivering side of charity.:cry:

There were unsubstantiated rumors that both Iran and Saudi Arabia had sent out feelers to Dubai over the terms of a rescue, which galvanized Abu Dhabi into swift action after weeks of dilly dallying. It is not very surprising that a country such as Iran, even on the brink of its own economic collapse, would countenance a bold move to intervene in Dubai's financial mess, albeit for reasons entirely removed from finance.

The more puritanical rulers of Abu Dhabi now control a greater proportion of the UAE federation, after subscribing to $10 billion of a bond issue launched by the Dubai government this week. With the property market looking to face a multi-year slowdown and its banks beaten down by losses on global investments, it is highly likely that Dubai will default on the terms of this bond, among others over the next five years or so, in turn providing even more control to Abu Dhabi directly.


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Sunny Leone a true Canadian DESI now back in India !.


Loser   
Member since: Sep 04
Posts: 1052
Location: Nice ,USA

Post ID: #PID Posted on: 03-03-09 19:19:01

Both of you will have to join the university and then after completing yur higher studies you will find it easier to enter the job market.


-----------------------------------------------------------------
You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership


sville   
Member since: Dec 08
Posts: 242
Location:

Post ID: #PID Posted on: 03-03-09 20:04:17

Quote:
Originally posted by Loser

Both of you will have to join the university and then after completing yur higher studies you will find it easier to enter the job market.


Good response. Positive response.

And plz don't read news websites or news papers. Those are crap.

Besides this, as I have been saying:
0. Grass is always greener on the other side of the fence.
1. Be prepared for Plan-B and be prepared to implement it. But don't set aside your goals.
2. Good peoples are always in demand, independent of economy and times.
3. Have faith. Have good attitude

Good luck!



vivek901   
Member since: Nov 08
Posts: 220
Location: Canada

Post ID: #PID Posted on: 04-03-09 02:04:53

Hi,

Even I was in the same dilema,my visa expires on May 19th.After lot of thinking I have decided to land and come back,I would suggest you also do the same thing.We will get the idea ourselves about the situation there.Iam not going to leave my job,Iam just going to come there for 22 days and lets see after that..............





Quote:
Originally posted by jigcy

Hi CD family,

Our Canada immigration papers are through...hurray!!!! Thats my first thought,but there is a global recession :-(( Is this the best time to relocate????

Let me give some background of our family. We are styaing in Dubai at present.I am from a banking background with 5 years of exp in the Indian market.I have always been in the retail dept of the Bank and so had a lot of customer interaction. I have not worked since my marriage(2 yrs) as we have a 15 month old son. I want to work full or part time in Canada. My husband has been in Dubai since the last 9 years in the Telecom sector. he is an electronic engineer. he has 5 yrs of indian exp too.

We know that Canada is a land of opportunities but one has to work really hard to achieve it. i have read a lot of the post on Cd and so know that canada will be a big challenge for us.

Given the global recession, we would like some feedback regarding what we must do, and how we must go about it. Is this the best time to come to Canada???

:confused: :confused: :confused:

Thanks
jigcy






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