Canadian job losses mounting in February

[Canadian]

StatsCan has release their Labour Force Survey for February and the numbers aren't pretty.

Canada lost 83,000 jobs in February pushing the unemployment rate to 7.7%.

Canada lost 111,000 full-time positions (so much for job security) while part-time employment increased slightly. The largest declines were in the 3 most economically important Canadian provinces - Ontario (35,000), Alberta (24,000) and Quebec (18,000).

http://www.statcan.gc.ca/subjects-su...fs-epa-eng.htm

[trent]

It looks like Canada is being hit harder than US in this crisis. The only people that are still delusional in the picture are the home sellers asking inflated prices for their homes, but this will change soon.

[bullish]

I think the whole crisis has been overblown by the media. Things are not as bad as they want you to believe.

[trent]

Originally Posted by bullish

I think the whole crisis has been overblown by the media. Things are not as bad as they want you to believe.

I didn't know you can think . Things are worse that most people imagine.

[Canadian]

Originally Posted by trent

It looks like Canada is being hit harder than US in this crisis. The only people that are still delusional in the picture are the home sellers asking inflated prices for their homes, but this will change soon.

Home sellers will change their tune (asking prices ) in a few short months.

[Steven]

I don't think that the Toronto's real estate market will go much lower from here. Maybe 10% at most.