Compare this with the numbers south of the border. Employers added 36,000 workers, the smallest gain in four months. The true comparison is that Canada is one tenth the size (more or less) of the USA. Canada's entire population would fit into the state of California. So if the numbers were reflected in the US, the job numbers would be in the 700,000 range, quite incredible.
This is the first time I can remember Canada leading the economic recovery, not the other way around. You would think with the Canadian dollar being more or less at parity with the greenback, that would have caused considerable unease, but it didn't.
Interesting - what do you think about the article in the Star today?
ReplyDeleteHouse prices in Canada will fall over the next several years by as much as 25 per cent, creating a massive impact on the economy and possibly pushing the country into recession, says a forecast.
“The recent housing boom has resulted in the largest rises in house prices ever seen in Canada, which have been similar in magnitude to those during the recent boom in the U.S.,” said Capital Economics analyst David Madani in a report released Thursday. “Unfortunately, the subsequent falls in prices could also be just as severe as those elsewhere.”
Madani is predicting house prices will fall by a cumulative 25 per cent over the next several years, or “in the same ballpark as the recorded declines in the U.S. and other countries.”
http://www.thestar.com/business/personalfinance/article/933010--housing-prices-to-drop-25-over-next-few-years
Well, that is a very good idea. It helps us how to think first before we make steps. Thanks for implementing this.
ReplyDeleteHouses for Sale in Liberty Village