Many immigrants seeking jobs in Canada may not be aware about the following facts. As we read about the failing U.S. Economy, these facts help us understand the commercial facts and how these might be adversely influencing levels of unemployment in Canada.
Canada's economy is slowing due to its overpowering dependence on the business conditions in the U.S.A. For instance, reports from Statistics Canada reveal that nearly three quarters of Canada's exports have been to U.S.A. (73.3%).
The global recession started in the U.S. In 2008. Between 2008 to 2009 Canada's exports to the U.S. shrank by over 1/4 (virtually 27%).
The once heralded Canada-U.S. North American Free Trade Agreement turns out to be a nemesis that binds Canada to trade with the U.S.A. at selling prices no higher than it might typically charge itself. In such twin-ed markets in decline this becomes a death spiral of negatives.
From 2008 to 2009 Canada's over-all Trade Balance has shifted from +$45 billion to a negative -$4.7 billion, importing more from the U.S. Than selling to the U.S. (Source: Stats Canada Exports v Imports).
Most recently, Canada's overall Gross Domestic Product (GDP) has fallen between April to May 2011 by -0.3%, with its mainstay category of prosperity, that of Mineral Resources, falling in the same period to by -5.3% (mining, oil, gas extraction); Source: Statistics Can.
In brief, the revenue side of Canada's ledger is shrinking while the Cost of Living for average Canadians is growing.
According to Statistics Canada reporting for July 2011 over July 2010, the Consumer Price Index has increased in these categories: All-Items by almost 3%, Food by at least 4%, and Energy by some 13%.
Lastly, many believe Canada is a land of equal opportunity. The reality of the opposite is revealed in cold numbers. According to Statistics Canada, Immigrants are 1.5 times more unemployed vs natural Canadians.
The percentage of those Born in Canada with No Work: 20% (15 years of age to 24 years of age is 14.2%, 25 to 54 years of age is 6.1%, Total: 20%). The percentage of Landed Immigrants with No Work: 30% (15 years old to 24 years of age is 19.4%, 25 to 54 years old is 9.5%, Total: 30%). Source: Statistics Can.
With some economists predicting even slower industrial performance for the U.S. And Canada, immigrants seeking another country to call home might do well to research other possible choices. Those other possible choices could include countries in South America where their economies likely won't be squeezing its inhabitants either economically or in litigation.
Canada's economy is slowing due to its overpowering dependence on the business conditions in the U.S.A. For instance, reports from Statistics Canada reveal that nearly three quarters of Canada's exports have been to U.S.A. (73.3%).
The global recession started in the U.S. In 2008. Between 2008 to 2009 Canada's exports to the U.S. shrank by over 1/4 (virtually 27%).
The once heralded Canada-U.S. North American Free Trade Agreement turns out to be a nemesis that binds Canada to trade with the U.S.A. at selling prices no higher than it might typically charge itself. In such twin-ed markets in decline this becomes a death spiral of negatives.
From 2008 to 2009 Canada's over-all Trade Balance has shifted from +$45 billion to a negative -$4.7 billion, importing more from the U.S. Than selling to the U.S. (Source: Stats Canada Exports v Imports).
Most recently, Canada's overall Gross Domestic Product (GDP) has fallen between April to May 2011 by -0.3%, with its mainstay category of prosperity, that of Mineral Resources, falling in the same period to by -5.3% (mining, oil, gas extraction); Source: Statistics Can.
In brief, the revenue side of Canada's ledger is shrinking while the Cost of Living for average Canadians is growing.
According to Statistics Canada reporting for July 2011 over July 2010, the Consumer Price Index has increased in these categories: All-Items by almost 3%, Food by at least 4%, and Energy by some 13%.
Lastly, many believe Canada is a land of equal opportunity. The reality of the opposite is revealed in cold numbers. According to Statistics Canada, Immigrants are 1.5 times more unemployed vs natural Canadians.
The percentage of those Born in Canada with No Work: 20% (15 years of age to 24 years of age is 14.2%, 25 to 54 years of age is 6.1%, Total: 20%). The percentage of Landed Immigrants with No Work: 30% (15 years old to 24 years of age is 19.4%, 25 to 54 years old is 9.5%, Total: 30%). Source: Statistics Can.
With some economists predicting even slower industrial performance for the U.S. And Canada, immigrants seeking another country to call home might do well to research other possible choices. Those other possible choices could include countries in South America where their economies likely won't be squeezing its inhabitants either economically or in litigation.
About the Author:
Martin Wong has studied the industrial stats and legal danger in weighing the emigrating to Canada risks. Those immigrants who may contract with an immigration and citizenship agent may do well by studying how to ignore their own feelings, and watch the visible affectations for the honesty of their agent by learning the talent of deception detection. How do you tell if what comes to you is the truth or are you being lied to?
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