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  #1  
Old 01-19-2009, 03:48 PM
Zephyr Zephyr is offline
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Default financial/economic crisis in Canada

Do you think Canada will be hit worse by the financial/economic crisis comparing to US? If yes, why?
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  #2  
Old 01-20-2009, 03:34 PM
Canadian Canadian is offline
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Originally Posted by Zephyr View Post
Do you think Canada will be hit worse by the financial/economic crisis comparing to US? If yes, why?
I think the Canadian recession will be of the same magnitude as the US one. Maybe a little worse, but not much. Don't forget that Canada had 27% unemplyment at the height of the Great Depression, while US had "only" 25%
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Old 01-20-2009, 03:39 PM
bullish bullish is offline
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Originally Posted by Canadian View Post
I think the Canadian recession will be of the same magnitude as the US one. Maybe a little worse, but not much. Don't forget that Canada had 27% unemplyment at the height of the Great Depression, while US had "only" 25%
I think you are making up these numbers! Where did you get them from? I believe the unemployment in Canada was much lower during the Great depression.
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Old 01-20-2009, 03:51 PM
Canadian Canadian is offline
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Originally Posted by bullish View Post
I think you are making up these numbers! Where did you get them from? I believe the unemployment in Canada was much lower during the Great depression.
I guess you believe in fairy tales too? Here is my source, and before speaking next time, try to do a little research and don't waste everybody's time:

http://www.canadianeconomy.gc.ca/Eng...epression.html
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  #5  
Old 01-21-2009, 03:46 PM
Steven Steven is offline
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I didn't know that the unemployment in Canada was higher than US during the great depression. This is very worrisome fact if you ask me.
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  #6  
Old 01-22-2009, 02:33 PM
heyjude heyjude is offline
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Quote:
Originally Posted by Canadian View Post
I think the Canadian recession will be of the same magnitude as the US one. Maybe a little worse, but not much. Don't forget that Canada had 27% unemplyment at the height of the Great Depression, while US had "only" 25%
These numbers are very distressing. I hope we are not heading for another Great Depression. I know that in the States a lot of people lost their jobs and more will. The unemployment is already high. Everyone is keeping their hopes on Obama to miraculously fix everything…
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Old 01-22-2009, 04:28 PM
Canadian Canadian is offline
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These numbers are very distressing. I hope we are not heading for another Great Depression. I know that in the States a lot of people lost their jobs and more will. The unemployment is already high. Everyone is keeping their hopes on Obama to miraculously fix everything…
I don't think we are headed for Depression, but a very severe recession yes. Obama can't fix anything, only free markets can.
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Old 01-23-2009, 02:18 PM
trent trent is offline
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I hope that it will be a little better here in Canada, compared to the US, but I doubt it. Saving anything you can is the order of the day.
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Old 01-26-2009, 04:48 PM
Canadian Canadian is offline
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I've been saving for quite a few years now, but it's never enough.
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  #10  
Old 01-30-2009, 04:25 PM
Steven Steven is offline
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The main thing that worries me is job security. If we have enough jobs, it will be easier to get through this. If on the other hand, we see significant job losses, the economic downturn will only get worse.
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