Canadian Unemployment Will Not Hit 10%

Rickson9 · #1 12-23-2009, 12:35 AM

"Factories drive rebound in Canadian jobs growth"

"...economists have crossed out their earlier predictions of a 10-per-cent jobless rate next year"

"Linamar Corp., Canada's second-largest auto parts maker, has hired back more than 1,000 employees, chief executive officer Linda Hasenfratz said Tuesday."

http://www.theglobeandmail.com/repor...rticle1409455/

BankAdmin · #2 12-23-2009, 04:49 PM

Don't believe everything you read in the paper

. For me auto companies hiring workers is just the result of the Cash for Clunkers program, which pulled future demand. What do you think about Ford trying to buyout more employees or how competitive is Ontario manufacturing with $1 USD = $1 CAD?

trent · #3 01-07-2010, 03:45 PM

High unemployment is here to stay. The current stock market rally id a bear rally and won't last much longer.

Rickson9 · #4 01-10-2010, 03:11 AM

Quote:

Originally Posted by trent

High unemployment is here to stay. The current stock market rally id a bear rally and won't last much longer.

Wait a second, I've heard this before... oh yeah, it was in 2009...