http://thestar.ca/news/canada/article/693808
Government can't say when it will balance books again

The Conservatives admitted today that the federal government deficit would be worse — a total of $101 billion this year and next — than expected and that the government cannot say when it will balance the books again
Finance Minister Jim Flaherty said the severe economic recession means that, between now and 2014-15, Ottawa's budget shortfall will total more than $160 billion, the government said.
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What does this news mean to the common man (immigrant looking for jobs or job oppertunity).
Is this the end of Canada. Do we have more people right now than required to sustain the economy or will it just be buisiness as usual, the govt. providing more jobs while we keep on running deficits (Similar to the US).
Any mature Cd's help would be much appriciated.

Peace by TK

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I am a Gents and not a Ladies.

TK

Like all news it means nothing to the common man. Even the so called reputed economists are unable to predict what is going to happen. They keep changing their prediction every 3 months sometimes even after a month. And to predict the impact on something so diverse and unpredictable as the labour market which is impacted by so many variables is very very difficult.

The best thing to do is to choose a course of action and stick to it. The best people in any profession will always be busy. The newsbites only serve to increase newespaper readership and radio and TV ratings.