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lebiez piranaj

Canada Household Debt Much Higher Than Previously Thought; Housing Bubble Bust-Out Now ... - 2 views

www.huffingtonpost.ca/...-housing-bubble_n_1967269.html

Canadian debt finds higher housing bubble thought money household

shared by lebiez piranaj on 18 Jan 13 - No Cached
  • Canadians, you’re more indebted than you think.
  • StatsCan now says household debt amounted to 163.4 per cent of household income in the second quarter, up from 161.8 per cent in the first
  • Canadians are now carrying more debt than Americans and Brits were at the peak of their housing bubble half a decade ago
  • ...1 more annotation...
  • A recent Capital Economics report estimated a construction slowdown would cost 115,000 jobs across Canada
  • lebiez piranaj on 18 Jan 13
     
    Canadians are more than ever drown in debt. When it comes to comparing with the neighbor (US) we are carrying more debt than them. Market observers argued that Canadian consumers will no longer be able to hold up rising household debt.
Brijesh Patel

Commodities rise on budget talks - 0 views

www.businessweek.com/...-on-budget-talks-economic-news

commodities

shared by Brijesh Patel on 02 Dec 12 - No Cached
  • Brijesh Patel on 02 Dec 12
     
    - The price of commodities has been going up and down the past week as negotiations over the U.S budget continues. - Oil rose while natural gas fell. Silver rose 2%, gold raised $10.70, copper gained 6.8 cents, palladium ended up at $12.25 and platinum gained $7.80 - Investors are hoping a new budget is agreed upon so that tax doesn't increase - There is a possibility that the economist believe that U.S could be pushed back into recession if a budget is not agreed upon. - During the second quarter, the economy grew at a faster rate than initially thought by the commerce department. - More Americans starting buying homes due to the job gains and low mortgage rates. The National Association of Realtors said an index measuring pending contracts to buy homes jumped last month.
  • Brijesh Patel on 02 Dec 12
     
    do you think that the new budget will make a difference in the commodities prices ?
Brijesh Patel

Well Educated canadians have no future - 0 views

oncampus.macleans.ca/...the-new-underclass

no future for the upcoming generation

shared by Brijesh Patel on 18 Jan 13 - No Cached
  • Brijesh Patel on 18 Jan 13
     
    Some 6.4 per cent of Canada's total workforce-1.2 million people-now consists of part-time workers under 30 who wish they could work full time. university-educated Canadians experienced a relative increase in unemployment between 1997 and 2005 and a corresponding dip in relative wages, according to a federal government study. By contrast, those with a college, or even a high school education, managed to improve (or at least maintain) their outlook, relative to other workers. In fact, the only group that experienced a similar relative increase in unemployment during the period were those Canadians without even a high school diploma. Employers increasingly expect workers to pay for their own retirements. That's not easy when you don't have money. A survey by the Bank of Montreal found that only about 10 per cent of Canadians aged 18 to 34 had given any thought to retirement planning. Job security is also increasingly scarce. Stung by the 2009 recession, employers in industries ranging from retail sales to information technology are preoccupied with building a flexible workforce In an effort to close the gap, the federal government is planning to bring in as many as 3,000 foreign skilled workers this year by De-emphasizing the university-educated and focusing instead on welders and electricians. Economists say the market will eventually sort itself out. Wages and benefits in the trades should become more attractive as desperate employers try to woo new workers.
S C

As consumer debt grows, Mark Carney says ready to act if necessary | Debt | Personal Fi... - 1 views

business.financialpost.com/...ns-deeper-in-debt-than-thought

consumer debt personal finance

shared by S C on 16 Jan 13 - No Cached
  • emerging
  • While consumers are still spending and loading up more debt, Canadian corporate leaders are pulling back on their business plans because of weak global economic growth
  • debt-to-income ratio rose to 163.4%
  • ...9 more annotations...
  • Household debt is viewed as the biggest threat to the Canadian economy
  • much of that acquired through low mortgages rates
  • Monday’s survey showed 44% of companies plan to increase employment levels over the same period — compared to 59% in July — while 18% said those levels would decline.
  • In its autumn Business Outlook Survey, the central bank said companies “have tempered their expectations for business activity.”
  • Firms are generally more circumspect about near-term investment decisions and are focusing on minimizing costs,
  • ost businesses are evenly split at 35% between faster and slower sales growth expectations
  • That rate continued to rise to another record high in the first half of 2012, the federal agency said. In 2011, the ratio of household debt to income was 161.7%, up from 150.6%, under a new system of economic accounting adapted by agency.
  • Canadian households are continuing to pile on debt at a record pace, while corporate leaders are pulling back on their business plans because of weak global economic growth and uncertain demand.
  • While Canada’s economy is being affected by the global angst, the key areas of uncertainty abroad are all points of justifiable confidence here at home
  • S C on 18 Jan 13
     
    Consumer debt is becoming a larger threat to the Canadian economy as a whole. Meanwhile, businesses stopped expanding due to weak global growth.
S C

Advice from my mom about job hunting | Penelope Trunk Blog - 1 views

blog.penelopetrunk.com/...-from-my-mom-about-job-hunting

advice job hunting

shared by S C on 16 Jan 13 - No Cached
  • there was one resume that was so good, but the guy was too high level for what I needed
  • Then I thought to myself, he’ll definitely get a job soon, and I’d like to have HIS job, so I should send my resume to his company right now.
  • Love, Mom
  • S C on 16 Jan 13
     
    If you know a company will have a vacancy soon, send them your resume!
S C

10 Things You Need To Do While You're Unemployed - Forbes - 1 views

www.forbes.com/...d-to-do-while-youre-unemployed

unemployed forbes what to do

shared by S C on 16 Jan 13 - No Cached
  • zimbello If you can accomplish the writers list you don’t need corporate. Corporate needs you. Put your skills to work for yourself…far more rewarding. Glen Loock Read the article and loved what it says, “Rely on yourself”. This is a new time and it requires a change in our thought pattern. All ten are great ways gai [...] Philippe Scheimann These are indeed 10 excellent points. I would actually expand in the point of ‘start a professional blog’ by actually ‘establish your presence on the Inter [...] Henry Cameron Chang Great article with a great message. This has been something I’ve been telling people for a long time. Fredick Anquandah Interesting piece of advice there…Thanks for that on ma way to the first step and hope it gets me there… Laura Ede I agree – taking a temporary/contract role is an option that job hunters should consider. After spending 10 years in the Public Sector I was made redundant [...] Susan Keefe Unfortunately, I find myself among the unemployed so articles such as this have consumed a good deal of my time lately. These are great tips, especially fo [...] 20 comments, 12 called-out Comment Now Follow Comments Following Comments Unfollow Comments Comment Now Follow Comments Following Comments Unfollow Comments 2.9k 1.2k 888 gigya_share_button_li
  • vast majority of employers are sympathetic to such circumstances.
  • More than 40% of unemployed job seekers have been out of work for six months or longer
  • ...10 more annotations...
  • But this doesn’t mean you can sit around and wait for a sympathetic employer to offer you work.
  • The key is to get people to see your work and to see what you’re capable of doing
  • “The worry is that employers may think job seekers are losing some of their skills because they haven’t been utilizing them. By volunteering, taking temporary work, or signing up for a class that develops your professional tool kit, you show employers that you’ve made the most of your time and will be ready on day one
  • Take a temporary or contract assignment
  • If you fill the gaps with activities and experience that illustrate how you are still developing your skill sets, the overwhelming majority of employers will look past your unemployment and focus on what you can bring to their team
  • If you do a great job, even if it’s for a temporary job, whoever hired you is more likely to recommend you for a permanent position
  • You never stop learning in your career, so the more technical competence you have, the better
  • showing that you are serious about your work and that you take initiative.” Another advantage to taking a class: It’s a great networking opportunity.
  • When you volunteer for something, you are telling potential employers something about you as a person
  • When companies are hiring, they are looking not only for people who can get the job done but also for people with character and integrity
  • S C on 16 Jan 13
     
    Many employers understand that the recession may worsen some parts of the resume, but they are sympathetic and some ways to better your chances are to take temporary assignments, take a class and volunteer when unemployed
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