I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Inflation is over 5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@@dognextdoor How about a buyback program for houses. They did something similar during compensated land reform in many Asian countries that boomed until their labor force burned out. The government pays the owners a reasonable price, then rents it out at a livable rate to locals. Selling is possible, but we need rules to prevent people from playing house monopoly again. The rich can then just focus on buying yachts or other assets that don't really affect the greater population. It will also make back some of the money on long term rents, so its definitely cheaper than having to pay out benefits to support struggling Canadians year after year. Just my opinion.
It's because it's not a technically a recession. GDP is still up despite every other economic marker falling hard. The GDP is being held up by the absolute scale of the migration situation (immigration, TFWs, working students, etc.).
@@MMK86 they should be more afraid of a people's revolt that will look more like what is happening in England right now than what happened a few years ago in the Trucker's convoy.
Meanwhile, in another part of town, people who got a proper education, started work early and developed contacts in their trade is doing fabulous. Take for example the construction trades. Once you've earned the "journeyman" status, you can work in any company you choose. Maybe even lead a team of apprentices. People are making money, beyond the McDonald's and Harv's chain of businesses.
@@jordancarlin9687 Food Banks Canada says its annual survey shows that nearly two million people used a food bank in March 2023. I'm going to just go by the presumption that these are individual visits rather than your return visit calculus. But since this astronomical and appalling number was for one month alone. No matter how you want to math it. Millions of people are using a food bank every year. I mean in this country of abundance even tens of thousands of users shouldn't be acceptable.
If we just slowed things down and treated our already existing labor force with respect, we could probably raise productivity and GDP. But this revolving door of labor (many paid in cash under minimum wage I have heard at some food chains which is not respectful to them at all it seems), has really destroyed any desire to be productive. We need immigrants, but we also have plenty of high-schoolers and college student who need jobs. For foreign students especially women, they really should be able to support themselves, otherwise they could be exposed to exploitative landlord or work environments. Just my opinion.
@@abcdedfg8340if there were better conditions the existing population might actually start having more kids…instead they are world champions at demoralizing Canadians
Whenever someone who saw this coming would say a recession is inevitable you would be mocked by Justin Trudeau supporters because Chrystia Freeland said Canada is going to have a soft landing. We are entering the so called "soft-landing"
So happy to have found a job in the USA. With a Masters I was in poverty in Canada, but doing well since being out. I've saved more money in 1.5 years then 38 in Canada.
Companies say they can’t find workers-no, not true. They just don’t want to pay the wages. Many jobs have dropped their salaries, no one is competitive for wages-no adjustments for inflation. We’re not okay living 3-5 adult strangers in a house but many newcomers are. So they take the jobs knowing they can afford to live with many people.
Exactly, Canadians and long term residents really need to stop tolerating these third world practices to exploit newcomers and now even locals. Germany is much more productive than us because they dont accept these practices and get much better work life balance and affordable housing. Just my opinion.
The seepage of those third world standards into our Canadian society destroyed productivity by increasing chronic burnout and giving employees no real hope for the current or future. We need locals and serious immigrants to stop accepting third world standards that often violate Canadian law if we want to solve this productivity crisis. Just my opinion.
If disallowing temporary foreign workers will have "disastrous consequences" for Canadian businesses then they need to re-evaluate how they do business. Pay better wages to entice Canadians to do your jobs for you and then you don't need a temporary worker.
@@dognextdoor Apparently many companies were violating Canadian labor law through paying less than minimum wage and other cases, and putting workers in slum-like housing conditions. Its disgusting to think we Canadians let these third world standards sneak into Canada and destroy our productivity through chronic burnout. I am even more disgusted by how we treated these newcomers, many were forced to work long days without overtime, denied time off to recharge, and thrown out when they burned out, and that seeped into a minority of bad Canadian employers too. We burned out the labor force by introducing third world labor standards that violated even Canadian law in many cases. We created this productivity crisis. We need to do a full reverse and adopt European labor standards and enforce them. Like Germany, we can productive, but have enough time off to prevent chronic burnout that kills productivity. If this stuff had happened in Germany, the public outcry would have been massive, so maybe Canadians need to grow a backbone. Businesses who may have had bad practices before may actually find local workers are more efficient than exploitable labour if you treat them with respect! Just my opinion
@@liangyuaq-qoyunlu407 Actually they would make more. Because if they treat workers with respect, that extra productivity will mean more profits. I know many IT companies who offer decent pay and reasonable 30 days or more off, and have no problems with making money or productivity. Just my opinion.
@@liangyuaq-qoyunlu407 Actually it means more profit long term. If their labor force is motivated to be productive, they can actually expand their business. But that requires respecting employees first. There are some bad small companies which get trapped in trying to save on labor costs at the expense of employees living standards, then have high turnover and cannot grow their operations, because people keep leaving. So please treat labor with respect if you want business to grow. I know of companies that give out 30 days paid off or more in the IT sector and others that have no problems with productivity or business growth. But there employees feel respected, so they return the favor by being productive. Crazy how that works. Just my opinion.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Stocks and Forex - an enlightened form of Investment,n the place where millionaires and future billionaires would come for motivation. You are seriously missing out if you have never been in one. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
After I raised up to 325k trading with expert Kathryn I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God shalom.
It's only anecdotal evidence - my sample size is miniscule - but the 5 Uber drivers I've had in the past 3 weeks have all arrived in the past 3 years (3,3,3,1,1) "to attend school" but when I quiz them about that they've registered with commercial colleges - not a university or one of the community colleges - & they say they aren't attending classes. They ARE driving Uber full-time. And they all say they aren't intending to stay: they're just here for the duration of their student visa, intend to return in India (they're all from India: 3 from the Punjab, 2 from Bengal). Quizzed, they say their friends & neighbors here are similarly short-term visitors here specifically to work, not go to school. And they don't believe these people will stay either. I won't suggest this is indicative of the whole immigrant population, but there does appear to be a significant contingent of "students" who have found a way to game the system to obtain, in effect, a work visa. They've heard in India this is the place to go. Most (4 out of 5) have worked elsewhere: Dubai, Oman, Qatar. The situation may self-correct eventually: none of them felt they'd found a good deal. Rent costs & general living costs are viewed as too high, the pay available in the jobs they feel they can access too low. My last driver felt he came out farther ahead in the Arab gulf states driving a truck: cost of living wasn't as high & there were no taxes.
We are basically third world for many of our middle class now. It is not hard to fix. But we need to make the changes and fast. Like Germany, if labor is treated with respect, has enough time to avoid chronic burnout, and can find affordable housing, we can be okay. But we need to reduce the immigration volume to something the job market and housing rental market can handle, after we make the high-schoolers and college kids go get a job with decent pay and time off to avoid burnout. We should get started, and ignore whatever the ultra-wealthy try to say to convince us otherwise. The ultra-wealthy probably have enough yachts. A good strong, and well rested middle class is how our boomers did well, thats how Germany does well, so we can be fine if we make the necessary changes. Just my opinion.
Saw a video the other day about survey where almost 80% respondant said they were expecting lay-offs this year in the company they work for. The company I work for has announced they will do lay-offs by the end of the year because revenues are down and all indicates it will not shift for the better soon.
Young Canadians are suffering at the expense of incoming foreigners due to government failure and no one is doing anything about it, so sad what this country has become..
This country is done, young people cannot start careers, even certified professionals cant find jobs. Many are being forced into self employment. Government incompetance and greed is worse than ever.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity? We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again. Just my opinion.
@abcdedfg8340 Agreed ... but now turn opinions into daily freedom actions. It starts with each of us , and do not let up on tyrants, officialdom-thieves, and practiced public sector hypocrites.
I left Canada in 2023 for Paraguay, thank God, I can live my life with food and shelter, born and raised in Canada and my ancestors have been in Canada for over 400 years! 1560 documented with ship logs from La Rochelle France.
They came that many years ago and you’re dead broke? Immigrants came here not even 40 years ago and build generational wealth. Seems like a you problem buddy.
Exactly. And the interests of the ultra-wealthy have turned much of our living standards for the middle class from first world to third world. But we just need to stop tolerating these third world housing and labor practices. It works in Germany and they have much higher productivity and work life balance. Just my opinion.
And that Junkie does not realize how much better their life would be once they get off drugs. It seems many in Canada wanted cheap and exploitable labor. But they forgot it goes both ways. That cheap labor is not going to work hard if they know they are being exploited. It seems some locals and newcomers wanted third world standards and labor costs and it seems we began to enjoy third world living conditions. Maybe we should not have tolerated this often illegal behavior. I know of many IT companies that offer 30 or more days off, yet have no problems with productivity or making money. So maybe they got the right idea. We can manage like them and Germany with this paid time off, but it has to be real vacations to prevent burnout so people can remain productive and motivated. Maybe we can embrace and protect first world standards, and maybe we will get first world living standards. Just my opinion.
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals? Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them. Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity? We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again. Just my opinion.
@@abcdedfg8340 - I think Trudeau & Jagmeet will rig the election, or else declare permanent emergency rule. They'll be lording over us until the end of our days. And that's because now that they're riding the tiger, they can't afford to be thrown off. Because then they'd lose everything, and they can't afford that.
Big business and the CFIB of course want unlimited foreign migration because that gives them the most cheap labour to chose from and they never have to hire Canadian again. No more migration is needed as there is no labour shortage.
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals? Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them. Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity? We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again. Just my opinion.
This is a false statement that there are no lay offs and there is a job security … there are literally thousands of Tech workers getting fired by IT companies across Canada…. This is also adding to increased unemployment rate
So no mass layoffs, people who have jobs have job security and no "official" recession. But full steam ahead on rate cuts? So basically, feel good and borrow, borrow, borrow. Nice! See you all at the food bank.
@@sugadre123 they know their going to lose the next election they want to hand the conservatives the biggest pile of 💩they’ve ever seen then turn around and point the finger at them. Look at our gdp every sector is in the gutter except public sector, it’s our only gdp positive, we’re a country that’s being fuelled y government spending and by government spending I mean your tax dollars.
Good thing I live a frugal life. I've been on a budget for years. No subscriptions. No social media. No $1,000 phone. No crazy phone bill. Had a car when I couldn't walk or bus there. Sold it last year. No buying coffee every day. I brew it for pennies. Eat out once a month. Only buy stuff on sale for the most part. Frugal life ftw.
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals? Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them. Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity? We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again. Just my opinion.
Money printing during the pandemic + large deficit spending = even middle class employed Canadians are effectively poor. In Third World countries, food + shelter = 70%+ of median income. Isn't Canada already there? When the median home price is 700k+ and median income is 40k/yr.. we're Third World already aren't we? Most Canadians who do not own a home by that metric are poor.
This is something I wish the reports did better. They rarely ever mention the quality of the jobs. 100k is vastly different from 30k. It's almost like the economic activity of 3 30k jobs.
It's a conservative mindset. More than 28 hours weekly the employer must pay benefits. AND in Ontario the ever fabulous Doug Ford wants a 2 tiered medical system. None of this is solely Trudeau/liberas fault. NOT AT ALL
Could wage growth be because the majority of jobs being added are public sector jobs, and they tend to pay higher wages then private sector jobs? Id be interested to see the wage growth for public sector vs private sector
Housing is artificially too expensive, they are encouraged to get abortions and have medically assisted suicide if they find this isn't good for their mental health. Hiring and government grants openly discriminate against many as well. Corruption also has inflated costs funnelling money into a power elite in organized crime, hostile states, government and their handlers.
Why hire some born Canadian kid when you can fill it with a determined Indian immigrant. This government will absolutely get crushed by the under 30 crowd.
Some immigrants from India have done spectacularly well and now are head of major companies eg Alphabet (Google), Microsoft... and Canadian government federal ministers. We are sure lucky that they are willing to move and live and work here. Now the indigenous groups might be happy if all the non indigenous folks returned all the land back to them but I think the benefits of a diverse society are generally appreciated
@@vancouverlife1 Canada is supposed to be a melting pot of people from everywhere and it’s not turning out that way. The immigrants being brought here are for political gain for the liberals for many decades to come.
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals? Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them. Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity? We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again. Just my opinion.
How can they lose almost 3000 jobs but unemployment did not move.....weird. This dude says "the share of the population with a job , has declined". Uhm, isn't that UNEMPLOYED? So how did that figure not go up?
"Canada unexpectedly lost jobs for the second straight month. The country shed about 3000 jobs in July, missing economists expectations for a gain of about 25,000"...Who are these "economists" that are completely out to lunch?
Temporary workers do not create demand. They live like paupers, 4 to a bedroom, and send money to heir homeland. Canadians would spend the money in Canada. This is insanity.
"...but if we lower the population growth, the market will actually correct, and the value of all the property I own will fall. That would be catastrophic to me" - Those in power.
Unemployment rate may be affected by big corporations utilizing AI employees because AI does not need benefits from companies. This raises a BIG QUESTION: HOW about employment tax revenue, EI , and CPP contributions paid by AI employees ? Will this decrease the tax revenues?
The fidelity business cycle report states: Major economies demonstrated persistent expansion amid improved global financial conditions and firmer manufacturing activity, even as the global environment became more varied. The U.S. and several large developing economies-India, Mexico, and Brazil- showed a rise in mid-cycle dynamics, while the U.S. still displayed significant late-cycle characteristics. Japan and Europe remained solidly late-cycle, Canada showed increasing recession risks, and China continued to struggle to emerge from its growth slump.
Germany has about the same or higher productivity than USA, yet far lower burnout rates. Also they typically get at least 30 paid days off to prevent chronic burnout. Maybe we need to learn from them and get stronger labor laws and even organizations. Some bad employers who pay employees barely enough to even live, and don't even give them time to enjoy their lives are destroying the motivation for workers to be productive so we can make more money and grow the economy and productivity. Perhaps the billionaires in their yachts like to see the rest of us fight for scraps and ending up miserable in hospital at 65, but like France or Germany, we can probably have higher productivity than many Americans and much better work life balance if we decide to stop catering to this very small group of the ultra-wealthy. If we treat labor with respect, I think the economy will grow. But if we want them to not care and to become the next Japan, Canada is doing a very good job of that. So let's listen to employees, the ultra-wealthy will have enough houses and money even if we treat workers with respect. That and a more motivated and skilled labor force is better for business. Just my opinion.
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed. Just my opinion.
Because "investors" won't accept "a reasonable price". If they think gov't will become their 'property managers' they'll just gouge even higher. And we shouldn't be funneling money direct to them (although we do anyway, even via min. wage increases - any gains for workers are just another excuse for the parasites to raise the rents). They need to be legislated out of existence. Plenty of other things to "invest" in aside from residential housing.
@@beautifulafrica4596 Well we cannot just take the properties. But the high cost of living is devastating productivity and leading to higher expenses to support people who need government assistance. So the fairest way is to reasonably compensate owners of multiple properties as a bridge till enough purpose built rental housing for even the middle class comes up. It takes time to build, and I don't think anyone enjoys paying sky high rents. We have to accept that we need to move to an economy built on fair wages and benefits and not on speculating on housing prices which got us here in the first place. But if someone can afford to buy, we need to treat them as homes, not as investments. Just my opinion.
We peaked in the early 1970s then plateaued for about 20 years at which point we began a race to zero starting January 1st 1994. That was the year NAFTA went into force. A whole lot of us voted to make a few people even way richer, and billions of foreigners to be a little less poor at your expense. Now the cycle is complete.... they have immigrated here to take what jobs are left which is fitting since you cant afford to have kids even if you wanted them anyway.
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time..
Trading is mental game, that is why most people lose money because they cannot control their emotions. Because the prevalent idea of our culture is to effortless indulge and focus on their own pleasure and wellbeing, but controlling your emotions is unpleasant and painful and that is why most traders lose money because they don't want to meet the pain. That is why there is so many drugs, alcohol, obese and fat people, broken marriage and adultery.
Normalize voting in leaders who actually care about the countries values and people. Being born here needs to be seen as a right and priority as in every other country across the globe.
There are tons of jobs, there are tons of people going on disability. I don't know where these figures are from but so many people are applying for disability they is a waiting list.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Inflation is over 5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
But hey, let's keep the immigration rate near record levels.
They’re beyond record levels lol
I'd hire a tech consultant to automate before I'd hire anyone these days my gawd
Trudeau and Starmer will arrest u for saying that
We are on the top ten list? All the other 9 are african countries. Our gov works for the CCP/WEF
It's easy. he needs voters.
loses 2,800 jobs
adds 100,000 people
that math doesn't math
More part time jobs, when they even it out its still a loss
@@dognextdoor How about a buyback program for houses.
They did something similar during compensated land reform in many Asian countries that boomed until their labor force burned out. The government pays the owners a reasonable price, then rents it out at a livable rate to locals. Selling is possible, but we need rules to prevent people from playing house monopoly again.
The rich can then just focus on buying yachts or other assets that don't really affect the greater population.
It will also make back some of the money on long term rents, so its definitely cheaper than having to pay out benefits to support struggling Canadians year after year.
Just my opinion.
😅
Silence infidel, discussing the swarm is verboten!
Being a stay at home immigrant is a government job….
Media is really allergic to the word recession. Me-cession is really cringy as a term.
It's because it's not a technically a recession. GDP is still up despite every other economic marker falling hard. The GDP is being held up by the absolute scale of the migration situation (immigration, TFWs, working students, etc.).
they're too afraid more regular people will pull out of stocks, real estate, etc etc all that money being used to "grease" the economy
@@MMK86 they should be more afraid of a people's revolt that will look more like what is happening in England right now than what happened a few years ago in the Trucker's convoy.
Its the Lib bullshit brigade. They hate being pointed out as the root cause of most every failure in Canada right now!
Meanwhile, in another part of town, people who got a proper education, started work early and developed contacts in their trade is doing fabulous. Take for example the construction trades. Once you've earned the "journeyman" status, you can work in any company you choose. Maybe even lead a team of apprentices.
People are making money, beyond the McDonald's and Harv's chain of businesses.
What a joke 25% of Canadians visiting foodbanks...yeah sure a me-session.
Me-session = "doesn't affect me, carry-on" -Freeland probably
25 % is not correct . There are not millions of ppl going to the food bank
@@jordancarlin9687 There were nearly 6 million visits to Ontario food banks "alone." In 2023. Are you sure are about that?
@@dilpickles5928 yes . People reliant on food banks would reasonably go 100 x per year . 6 million divided by 100 is 60, 000
@@jordancarlin9687 Food Banks Canada says its annual survey shows that nearly two million people used a food bank in March 2023. I'm going to just go by the presumption that these are individual visits rather than your return visit calculus. But since this astronomical and appalling number was for one month alone. No matter how you want to math it. Millions of people are using a food bank every year. I mean in this country of abundance even tens of thousands of users shouldn't be acceptable.
Lets make one thing clear. Canada doesnt have population growth. It has an imported growth. Hence why gdp is down and quality of life crashing
instead of blaming immigrants, why don't you people blame your government who are 99% white people. blame your fellow white folks
If we just slowed things down and treated our already existing labor force with respect, we could probably raise productivity and GDP. But this revolving door of labor (many paid in cash under minimum wage I have heard at some food chains which is not respectful to them at all it seems), has really destroyed any desire to be productive.
We need immigrants, but we also have plenty of high-schoolers and college student who need jobs. For foreign students especially women, they really should be able to support themselves, otherwise they could be exposed to exploitative landlord or work environments.
Just my opinion.
@@abcdedfg8340if there were better conditions the existing population might actually start having more kids…instead they are world champions at demoralizing Canadians
It’s not growth, it’s the transfer of Canadian homes to foreigners
@@abcdedfg8340 we dont need immigrants first of all, we need productive investments
A blind man could see this coming
Should get much worse. Quality of life is a statement that doesn't describe Canada.
Whenever someone who saw this coming would say a recession is inevitable you would be mocked by Justin Trudeau supporters because Chrystia Freeland said Canada is going to have a soft landing. We are entering the so called "soft-landing"
Turdeau has completely sold out young Canadians.
Should be treated as high treason 🤬🤬
You mean boomers.
He has sold out all canadians that are not in his inner circle
Trudeau isn't in charge, he is taking orders from above
We want out. And by that we want to get out of the country.
So happy to have found a job in the USA. With a Masters I was in poverty in Canada, but doing well since being out. I've saved more money in 1.5 years then 38 in Canada.
how have you found a job in the USA
@@jcjc5702 I think its immigration status, eg free Medicare in California for non-Americans. It's corporate grants to hire immigrants.
@@powerbroker1000 California? Lmao
How's the Healthcare costs ?
Stack that cash, because the same thing is coming to the US.
Companies say they can’t find workers-no, not true. They just don’t want to pay the wages. Many jobs have dropped their salaries, no one is competitive for wages-no adjustments for inflation. We’re not okay living 3-5 adult strangers in a house but many newcomers are. So they take the jobs knowing they can afford to live with many people.
Exactly, Canadians and long term residents really need to stop tolerating these third world practices to exploit newcomers and now even locals. Germany is much more productive than us because they dont accept these practices and get much better work life balance and affordable housing. Just my opinion.
The seepage of those third world standards into our Canadian society destroyed productivity by increasing chronic burnout and giving employees no real hope for the current or future. We need locals and serious immigrants to stop accepting third world standards that often violate Canadian law if we want to solve this productivity crisis.
Just my opinion.
Mecession? Try the great depression
F*ck Yeah...
Let’s talk about the unnecessary and troubling increase in public sector employment masking the private sector declines.
The army, the largest federal ministary is missing 30% of personnel. Makes you wonder what are all the new federal employees working on.
me-cession ? wtf. nice gas lighting for an incompetent administration
Continuation of new english.. Peoplekind...
If disallowing temporary foreign workers will have "disastrous consequences" for Canadian businesses then they need to re-evaluate how they do business. Pay better wages to entice Canadians to do your jobs for you and then you don't need a temporary worker.
@@dognextdoor Apparently many companies were violating Canadian labor law through paying less than minimum wage and other cases, and putting workers in slum-like housing conditions.
Its disgusting to think we Canadians let these third world standards sneak into Canada and destroy our productivity through chronic burnout.
I am even more disgusted by how we treated these newcomers, many were forced to work long days without overtime, denied time off to recharge, and thrown out when they burned out, and that seeped into a minority of bad Canadian employers too.
We burned out the labor force by introducing third world labor standards that violated even Canadian law in many cases. We created this productivity crisis.
We need to do a full reverse and adopt European labor standards and enforce them. Like Germany, we can productive, but have enough time off to prevent chronic burnout that kills productivity. If this stuff had happened in Germany, the public outcry would have been massive, so maybe Canadians need to grow a backbone.
Businesses who may have had bad practices before may actually find local workers are more efficient than exploitable labour if you treat them with respect!
Just my opinion
"disastrous consequences" mean -5% profit
@@liangyuaq-qoyunlu407 Actually they would make more.
Because if they treat workers with respect, that extra productivity will mean more profits. I know many IT companies who offer decent pay and reasonable 30 days or more off, and have no problems with making money or productivity.
Just my opinion.
@@liangyuaq-qoyunlu407 Actually it means more profit long term. If their labor force is motivated to be productive, they can actually expand their business. But that requires respecting employees first.
There are some bad small companies which get trapped in trying to save on labor costs at the expense of employees living standards, then have high turnover and cannot grow their operations, because people keep leaving. So please treat labor with respect if you want business to grow.
I know of companies that give out 30 days paid off or more in the IT sector and others that have no problems with productivity or business growth. But there employees feel respected, so they return the favor by being productive. Crazy how that works.
Just my opinion.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
You're correct!! I make a lot of money without relying on the government,
Investing in stocks and digital currencies is beneficial at this moment.
Job will pay your bills, business make you rich but investment build and keep wealth long term, the future is coming.
Stocks and Forex - an enlightened form of Investment,n the place where millionaires and future billionaires would come for motivation. You are seriously missing out if you have never been in one. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
I'm New to Making money at bitcoin and forex, can someone please guide me through good method of trading ?🙏🙏
After I raised up to 325k trading with expert Kathryn I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God shalom.
It's only anecdotal evidence - my sample size is miniscule - but the 5 Uber drivers I've had in the past 3 weeks have all arrived in the past 3 years (3,3,3,1,1) "to attend school" but when I quiz them about that they've registered with commercial colleges - not a university or one of the community colleges - & they say they aren't attending classes. They ARE driving Uber full-time.
And they all say they aren't intending to stay: they're just here for the duration of their student visa, intend to return in India (they're all from India: 3 from the Punjab, 2 from Bengal).
Quizzed, they say their friends & neighbors here are similarly short-term visitors here specifically to work, not go to school. And they don't believe these people will stay either.
I won't suggest this is indicative of the whole immigrant population, but there does appear to be a significant contingent of "students" who have found a way to game the system to obtain, in effect, a work visa. They've heard in India this is the place to go. Most (4 out of 5) have worked elsewhere: Dubai, Oman, Qatar.
The situation may self-correct eventually: none of them felt they'd found a good deal. Rent costs & general living costs are viewed as too high, the pay available in the jobs they feel they can access too low. My last driver felt he came out farther ahead in the Arab gulf states driving a truck: cost of living wasn't as high & there were no taxes.
Using technicalities for not calling current situation in Canada by its name is cowardice... Canada is on recession, job market is broken...
you mean calculated
Jobs number will be more worst,if they don't count LMIA fake job
Canada has become embarrassing.
We are basically third world for many of our middle class now. It is not hard to fix. But we need to make the changes and fast. Like Germany, if labor is treated with respect, has enough time to avoid chronic burnout, and can find affordable housing, we can be okay.
But we need to reduce the immigration volume to something the job market and housing rental market can handle, after we make the high-schoolers and college kids go get a job with decent pay and time off to avoid burnout. We should get started, and ignore whatever the ultra-wealthy try to say to convince us otherwise. The ultra-wealthy probably have enough yachts.
A good strong, and well rested middle class is how our boomers did well, thats how Germany does well, so we can be fine if we make the necessary changes.
Just my opinion.
@@abcdedfg8340great post. "Economists" are literally oligarchy paid mouth pieces
Move to another country.
@@raybarton7725 which country would you suggest, genius?
Or are you an unserious half assed solution guy?
@@larscincaid6348 move to Texas.
Saw a video the other day about survey where almost 80% respondant said they were expecting lay-offs this year in the company they work for. The company I work for has announced they will do lay-offs by the end of the year because revenues are down and all indicates it will not shift for the better soon.
Young Canadians are suffering at the expense of incoming foreigners due to government failure and no one is doing anything about it, so sad what this country has become..
Taxes are eating people alive. Government just keep finding ways to tax small businesses. It is so hard to get ahead as a small business owner
Dark days ahead for many I fear.
Bring more immigrants and increase both the labor pool and unemployment.
We need an economist to say what we know
This country is done, young people cannot start careers, even certified professionals cant find jobs. Many are being forced into self employment. Government incompetance and greed is worse than ever.
Failed state, failed policies .... failed future. 😮
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity?
We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again.
Just my opinion.
@abcdedfg8340 Agreed ... but now turn opinions into daily freedom actions. It starts with each of us , and do not let up on tyrants, officialdom-thieves, and practiced public sector hypocrites.
I left Canada in 2023 for Paraguay, thank God, I can live my life with food and shelter, born and raised in Canada and my ancestors have been in Canada for over 400 years! 1560 documented with ship logs from La Rochelle France.
I left too. So far it was a great move.
Are you working locally or do you have a remote job that pays USD?
They came that many years ago and you’re dead broke? Immigrants came here not even 40 years ago and build generational wealth. Seems like a you problem buddy.
are there jobs there
@@PeterScheiber-pk6vg Unemployment rate is similar to canada's and slightly higher.
Me-cession a phrase for the rest of us Canadian peasants to believe
How unexpectedly? It was highly expected. So many jobs are eliminating.
I’ve been looking for for a second job for over a year now. I don’t get call backs anymore indeed.. Explain that!
Unfortunate that you even need a second job in the first place.
Your resume sucks?
The Canadian economy sounds like a junkie addicted to cheap outside labour. The screaming from the commerce interests sounds like withdrawal symptoms
The actual Canadians left. The government is fascist and hates whites. Let the elites destroy the country. It's better elsewhere anyways.
Exactly. And the interests of the ultra-wealthy have turned much of our living standards for the middle class from first world to third world. But we just need to stop tolerating these third world housing and labor practices. It works in Germany and they have much higher productivity and work life balance.
Just my opinion.
And that Junkie does not realize how much better their life would be once they get off drugs.
It seems many in Canada wanted cheap and exploitable labor. But they forgot it goes both ways. That cheap labor is not going to work hard if they know they are being exploited. It seems some locals and newcomers wanted third world standards and labor costs and it seems we began to enjoy third world living conditions. Maybe we should not have tolerated this often illegal behavior.
I know of many IT companies that offer 30 or more days off, yet have no problems with productivity or making money.
So maybe they got the right idea. We can manage like them and Germany with this paid time off, but it has to be real vacations to prevent burnout so people can remain productive and motivated.
Maybe we can embrace and protect first world standards, and maybe we will get first world living standards.
Just my opinion.
Worst govt in memory
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals?
Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them.
Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity?
We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again.
Just my opinion.
@@abcdedfg8340 - I think Trudeau & Jagmeet will rig the election, or else declare permanent emergency rule. They'll be lording over us until the end of our days. And that's because now that they're riding the tiger, they can't afford to be thrown off. Because then they'd lose everything, and they can't afford that.
Big business and the CFIB of course want unlimited foreign migration because that gives them the most cheap labour to chose from and they never have to hire Canadian again. No more migration is needed as there is no labour shortage.
Canada is all optics ..housing transportation that's all😅
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals?
Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them.
Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity?
We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again.
Just my opinion.
Why doesn't anyone get on TV in Canada and talk about the need for mass deportations?
This is a false statement that there are no lay offs and there is a job security … there are literally thousands of Tech workers getting fired by IT companies across Canada…. This is also adding to increased unemployment rate
Justin and Jagmeet resign
6.2 unemployment and 100k LIMA sold in open market to foreign worker
Great. 1M immigrants/ year. No jobs. No housing.
Welcome to the Canadian mess. Thanks JT & Freeloader
Freeloader - absolutely. Cringey NDP party. When will people wake up?
If you can't make it in Canada, just give up, no where is as easy to get going then here.
JT is allergic to responsibility. Takes orders from WEF.
So no mass layoffs, people who have jobs have job security and no "official" recession.
But full steam ahead on rate cuts?
So basically, feel good and borrow, borrow, borrow.
Nice! See you all at the food bank.
@@dognextdoor
I guess the sheep must believe this pile of "stuff".
That's why they're poor, or going to be.
LOL I see you have a case of dumbassery.
Justin; Everything is fine in Tofino. What is the problem? 😂😮😅😊
42000 jobs lost in the private sector - 39000 jobs added in the public sector- for a net loss of 2800 - that’s the key takeaway here THINK about that
Wow. 39k added in public sector?
The government has been hiring a lot of people in the last couple years
@@sugadre123 they know their going to lose the next election they want to hand the conservatives the biggest pile of 💩they’ve ever seen then turn around and point the finger at them. Look at our gdp every sector is in the gutter except public sector, it’s our only gdp positive, we’re a country that’s being fuelled y government spending and by government spending I mean your tax dollars.
damn, 42k lost in the private sector....I didnt know there was anything left of the private sector after COVID, what a disaster
It was a technical recession for the last 2 years if gdp wasn't held up above zero due to excessive immigration
Good thing I live a frugal life.
I've been on a budget for years.
No subscriptions.
No social media.
No $1,000 phone.
No crazy phone bill.
Had a car when I couldn't walk or bus there. Sold it last year.
No buying coffee every day. I brew it for pennies.
Eat out once a month.
Only buy stuff on sale for the most part.
Frugal life ftw.
Same here, but we can't frugal our way out of ridiculous rents.
@@lynb1022 You can't, I can. I've paid my mortgage off. Just property tax and utilities.
Thats not living thats surviving .
What an economic mess.
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals?
Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them.
Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity?
We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again.
Just my opinion.
Wage growth has remained elevated? Gaslight us some more please.
And of course they will blame young people for being antiwork while in reality they know there is not enough jobs.
Feel like this guy is on another planet
Money printing during the pandemic + large deficit spending = even middle class employed Canadians are effectively poor.
In Third World countries, food + shelter = 70%+ of median income. Isn't Canada already there?
When the median home price is 700k+ and median income is 40k/yr.. we're Third World already aren't we? Most Canadians who do not own a home by that metric are poor.
Its a me get the hell out of here cession. Lol
my friends job used to pay him 80k 3 years ago now they offering 30k due to many people coming in temp, pr, refuge and ready to work nominally
This is something I wish the reports did better. They rarely ever mention the quality of the jobs. 100k is vastly different from 30k. It's almost like the economic activity of 3 30k jobs.
It's a conservative mindset. More than 28 hours weekly the employer must pay benefits. AND in Ontario the ever fabulous Doug Ford wants a 2 tiered medical system. None of this is solely Trudeau/liberas fault. NOT AT ALL
Welcome to the Dubai economy
recent grad unable find a job in my tech domain worse time to be out there looking for a job
Could wage growth be because the majority of jobs being added are public sector jobs, and they tend to pay higher wages then private sector jobs? Id be interested to see the wage growth for public sector vs private sector
Why am I supposed to trust a guy who works for a company whose business model is based around convincing people there are jobs available?
Why can't Canadians have more children?
Cost.
Housing is artificially too expensive, they are encouraged to get abortions and have medically assisted suicide if they find this isn't good for their mental health. Hiring and government grants openly discriminate against many as well. Corruption also has inflated costs funnelling money into a power elite in organized crime, hostile states, government and their handlers.
Why hire some born Canadian kid when you can fill it with a determined Indian immigrant. This government will absolutely get crushed by the under 30 crowd.
Some immigrants from India have done spectacularly well and now are head of major companies eg Alphabet (Google), Microsoft... and Canadian government federal ministers. We are sure lucky that they are willing to move and live and work here. Now the indigenous groups might be happy if all the non indigenous folks returned all the land back to them but I think the benefits of a diverse society are generally appreciated
@@vancouverlife1 Canada is supposed to be a melting pot of people from everywhere and it’s not turning out that way. The immigrants being brought here are for political gain for the liberals for many decades to come.
@@pat564 Canada was never considered a melting pot. That is the US. Canada is considered a mosaic.
Shocker. More pain coming.
We need to stop accepting third world standards that often violate even our laws and would shock Germans who are much more productive than us and enjoy quite reasonable living costs, labor laws, and work-life balance. Why are we letting people do this to newcomers and locals?
Why are we tolerating exploitation to the point multiple foreign workers share rooms and are paid under minimum wage in cash? Perhaps we need to put the people who do this in jail, or if they immigrated here to do this exploitation, strip them of their PR and citizenship and deport them.
Just my opinion.
We are basically third world but we can turn this around. We need to stop tolerating third world standards that often violate Canadian law and would horrify Europeans who have much better productivity thanks to actual labor standards. and affordable living costs. Who would have guessed that tolerating foreign workers being exploited by putting multiple people per room and paying them in cash at less than minimum wage would kill productivity?
We should also really go after these people who openly violate Canadian law and standards. Canadians who do these actions should face real punishments like jail while new citizens or PR holders who planned on this terrible behaviour all along should be stripped of their status and barred from entry every again.
Just my opinion.
How can they lose almost 3000 jobs but unemployment did not move.....weird. This dude says "the share of the population with a job , has declined". Uhm, isn't that UNEMPLOYED? So how did that figure not go up?
Bank of Canada raises interest rates. Companies slow growth and aren’t hiring.
Headlines “Gee, I wonder why unemployment is rising 🤔?”
"Canada unexpectedly lost jobs for the second straight month. The country shed about 3000 jobs in July, missing economists expectations for a gain of about 25,000"...Who are these "economists" that are completely out to lunch?
As long as their asset prices go up and our wages don't, it's all good apparently.
The Trudeau years are a lost decade.
Agree
Temporary workers do not create demand. They live like paupers, 4 to a bedroom, and send money to heir homeland. Canadians would spend the money in Canada. This is insanity.
Canada for Canadians
Canada for native people
This is what happens when you use the central bank to short-circuit labor in the supposedly "free market".
10 Years of Trudeau-Singh
😂 spotted
"...but if we lower the population growth, the market will actually correct, and the value of all the property I own will fall. That would be catastrophic to me" - Those in power.
Lol, wages haven't gone up, 0 where I work. That's a pure gaslighting
Unemployment rate may be affected by big corporations utilizing AI employees because AI does not need benefits from companies. This raises a BIG QUESTION: HOW about employment tax revenue, EI , and CPP contributions paid by AI employees ? Will this decrease the tax revenues?
All I hear is Baby Boomers don't care about their own Youth...
2800 jobs does not seem like alot of jobs in a population of 30 million tho
41 million now.
The fidelity business cycle report states:
Major economies demonstrated persistent expansion amid improved global financial conditions and firmer manufacturing activity, even as the global environment became more varied. The U.S. and several large developing economies-India, Mexico, and Brazil- showed a rise in mid-cycle dynamics, while the U.S. still displayed significant late-cycle characteristics. Japan and Europe remained solidly late-cycle, Canada showed increasing recession risks, and China continued to struggle to emerge from its growth slump.
The wage growth is due to the public sector negotiation that happen last year, its normal
New home builders are loosing money and moving there investment energy elsewhere . 1/3rd of construction costs go to the government .
Being a stay at home immigrant is a government job…..
Wages went up 4-12% since 2020 and costs of everything have gone up 35%…..
Never use average prices or anything average in real estate statistics in Canada. This is one of the main issues in Canada.
Germany has about the same or higher productivity than USA, yet far lower burnout rates. Also they typically get at least 30 paid days off to prevent chronic burnout. Maybe we need to learn from them and get stronger labor laws and even organizations. Some bad employers who pay employees barely enough to even live, and don't even give them time to enjoy their lives are destroying the motivation for workers to be productive so we can make more money and grow the economy and productivity.
Perhaps the billionaires in their yachts like to see the rest of us fight for scraps and ending up miserable in hospital at 65, but like France or Germany, we can probably have higher productivity than many Americans and much better work life balance if we decide to stop catering to this very small group of the ultra-wealthy.
If we treat labor with respect, I think the economy will grow. But if we want them to not care and to become the next Japan, Canada is doing a very good job of that. So let's listen to employees, the ultra-wealthy will have enough houses and money even if we treat workers with respect. That and a more motivated and skilled labor force is better for business.
Just my opinion.
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed.
Just my opinion.
Because "investors" won't accept "a reasonable price". If they think gov't will become their 'property managers' they'll just gouge even higher. And we shouldn't be funneling money direct to them (although we do anyway, even via min. wage increases - any gains for workers are just another excuse for the parasites to raise the rents). They need to be legislated out of existence. Plenty of other things to "invest" in aside from residential housing.
@@beautifulafrica4596 Well we cannot just take the properties. But the high cost of living is devastating productivity and leading to higher expenses to support people who need government assistance. So the fairest way is to reasonably compensate owners of multiple properties as a bridge till enough purpose built rental housing for even the middle class comes up. It takes time to build, and I don't think anyone enjoys paying sky high rents.
We have to accept that we need to move to an economy built on fair wages and benefits and not on speculating on housing prices which got us here in the first place. But if someone can afford to buy, we need to treat them as homes, not as investments.
Just my opinion.
Indeed has a senior economist?
They make alot of money through their site The data they sell is variable
And The Economist isn't just Indian propaganda.
We peaked in the early 1970s then plateaued for about 20 years at which point we began a race to zero starting January 1st 1994. That was the year NAFTA went into force. A whole lot of us voted to make a few people even way richer, and billions of foreigners to be a little less poor at your expense. Now the cycle is complete.... they have immigrated here to take what jobs are left which is fitting since you cant afford to have kids even if you wanted them anyway.
All those Tim Hortons workers coming here to contribute their unique skills
It’s a huge story right now in Canada:
international student visas.
Thanks Turdo!
Canada $65,000 usd. USA $120,000 usd. Majority of skilled work.
Welcome to Trudeaunomics!! 😂😂
What is the name of the guy hosting the program?
Let's hope Tiff can forward-guide us out of a recession 😂 and Freeland can spend us out of recession 😂🙃🙃🤡
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time..
what do i need to do? how can i invest, on which platform If you know any please share.
Honestly speaking.... I will continue to trade / and stick to Celia dullpher / daily analysis and guides as long as it works well for me.
She is really a good investment advisor. I was privileged to attend some of her seminars. That is how i started my crypto investment
I've seen different people talking about this celia dullpher she must be very amazing for people to talk this good about her.
Trading is mental game, that is why most people lose money because they cannot control their emotions. Because the prevalent idea of our culture is to effortless indulge and focus on their own pleasure and wellbeing, but controlling your emotions is unpleasant and painful and that is why most traders lose money because they don't want to meet the pain. That is why there is so many drugs, alcohol, obese and fat people, broken marriage and adultery.
Normalize voting in leaders who actually care about the countries values and people. Being born here needs to be seen as a right and priority as in every other country across the globe.
us and worldwide recesson also contribute but those companies in canada that they apply for status to get a job to an foreigner is also killin it
But higher interest rates are supposed to lower jobs in order to lower inflation, aren’t they?
Why do you keep saying unexpectedly?
I'd like to the see employment numbers excluding government jobs - yikes
People need to redirect their corporations and politicians instead of immigrants.
wtf is a me-cession?
I knew population growth and migration was up in Canada, but had no clue how rapid it was. There go my hopes to emigrate :/
There are tons of jobs, there are tons of people going on disability. I don't know where these figures are from but so many people are applying for disability they is a waiting list.
they will use ANY WORD but RECESSION - "meh"cession - "slow"cession" - etc - ITS A RECESSION
Thanks Trudeau. Great job