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Contents contributed and discussions participated by faseehthemoonman

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faseehthemoonman

Student Debt: University students borrowing their way into unemployment | Full Comment ... - 0 views

fullcomment.nationalpost.com/...ng-their-way-into-unemployment

canada consumer debt

shared by faseehthemoonman on 17 Jan 13 - No Cached
  • probably borrowed money at that — to get themselves a university degree that will prove essentially useless to them the instant they graduate
  • not the fluffy emotional value of making new friends and discovering the joys of binge drinking, but the literal value — how much financial return they can reasonably expect to make on their investment of tens of thousands of dollars.
  • verage level of education debt held by Canadian students upon graduation hover around $27,000 each.
  • ...3 more annotations...
  • low-paid job in the service industry or working for the government
  • The average estimate made by these students as to how much they’ll be making within 10 years, when they’re in their late twenties, was $90,000
  • They are realizing now that their arts degrees might not be enough to land a job, but they’re already paid for
faseehthemoonman

Consumer Debt: Canadians Focusing On Paying Off Bills, Worrying Less About Retirement - 0 views

www.huffingtonpost.ca/...nada-cibc-study_n_2395618.html

consumer

shared by faseehthemoonman on 17 Jan 13 - No Cached
  • Overall, the poll done for the bank by Harris/Decima showed 17 per cent of respondents selected debt reduction as their main priority in 2013
  • Managing day-to-day spending/budgeting came in third, selected by eight per cent of respondents and down from 14 per cent last year
  • At the same time, debt management increased as a priority for that age group to 18 per cent from 14 per cent
  • ...2 more annotations...
  • Having been named the top priority three years in a row, there is an opportunity for more Canadians to turn awareness of debt management into action and outline some clear steps towards paying down their debt in 2013
  • 2,009 adults 18 years of age and over and is considered to have a margin of error of plus or minus 2.2 percentage points 19 times out of 20.
faseehthemoonman

High unemployment to persist in Canada: analysts | CTV News - 1 views

www.ctvnews.ca/st-in-canada-analysts-1.581245

unemployment canada

shared by faseehthemoonman on 17 Jan 13 - No Cached
  • unemployment rate bobbing within a narrow band 0.1 percentage points above or below eight per cent.
  • unemployment rate will average 7.7 per cent next year and will still be above seven per cent in 2013, long after the economy has returned to normal.
  • rate of joblessness approaches 17 per cent
  • ...4 more annotations...
  • Although Canada has recouped the more than 400,000 jobs that vanished during the downturn, there are still more than 300,000 officially
  • He notes that the biggest hit on jobs since the 2008 crisis has been to manufacturing, warehousing and transportation -- three related industries
  • The new full employment level is likely a rate of about seven per cent, agrees Douglas Porter of BMO Capital Markets, as opposed to six to 6.5 per cent before the recession.
  • According to his forecast, Canada's unemployment rate will reach that level by the end of 2012, when the Bank of Canada estimates the economy will be back at full capacity.
faseehthemoonman

My Education Has Value » Unemployment not as dire as after past recessions - 1 views

myeducationhasvalue.ca/?p=972

education unemployment canada

shared by faseehthemoonman on 17 Jan 13 - No Cached
  • Young people aged 15 to 24 years are also finding jobs faster than any other age group, the accounting group found. Nearly half of unemployed youth found a job within one to four weeks in 2011, while the average unemployment period was just 11 weeks
  • 5 per cent still jobless after looking for work for a year
  • Youth underemployment is a huge issue.
  • ...2 more annotations...
  • The need to research the causes of underemployment. The need to develop more higher-skilled, higher-wage jobs
  • Greater use of school-employer partnerships to better match employers’ needs and workers’ skills.
faseehthemoonman

Canada's Economic Future: What Have We Learned from the 1990s? - Bank of Canada - 1 views

www.bankofcanada.ca/...ic-future-what-have-we-learned

mail bank canada consumer

shared by faseehthemoonman on 17 Jan 13 - No Cached
  • To conclude, our economy has been expanding robustly over the past five years, inflation has remained low, employment and incomes have been rising. And we are now seeing encouraging signs of a productivity payoff from the restructuring of the past decade
  • faseehthemoonman on 17 Jan 13
     
    "r"
faseehthemoonman

Economy improving short-term, but future not so bright for Canada: Carney - thestar.com - 1 views

www.thestar.com/...ve-economic-future-carney-says

shared by faseehthemoonman on 17 Jan 13 - No Cached
  • second worst export performance in the G20 group of nations
  • country’s exports of manufactured goods has been cut in half, he said, a large reason why employment in the factory sector has fallen nearly 500,000 jobs.
  • He notes that since the recession, emerging markets have accounting for two-thirds of global growth and one-half of import growth, a trend expected to continue for decades.
faseehthemoonman

Bank of Canada warns of rate increase, flags debt concerns - The Globe and Mail - 1 views

www.theglobeandmail.com/...article4630682

globe mail bank canada rate increase consumer

shared by faseehthemoonman on 16 Jan 13 - No Cached
  • The Bank of Canada has laid out a clearer path for interest rates, pushing back the timing of an eventual increase
  • Bank of Canada’s benchmark rate from its current setting of 1 per cent.
  • 167 per cent
  • ...4 more annotations...
  • Households need to slow their borrowing on their own, or else the Bank of Canada will give them reason to do so
  • anada’s gross domestic product grew at annual rates of 1.8 and 1.9
  • Since April, the Bank of Canada had been talking about a potential rate increase in the context of an “economic expansion” that failed to achieve
  • forecast for economic growth this year to 2.2 per cent from 2.1 per cent
faseehthemoonman

Employment Growth - 1 views

www.conferenceboard.ca/...employment-growth.aspx

challenges employment growth

shared by faseehthemoonman on 16 Jan 13 - No Cached
  • By 2050, an estimated one-quarter of the population in industrialized countries will be over the age of 65.
  • significant pressure on its labour market
  • Most of Ireland’s employment gains then were a direct result of foreign direct investment (FDI). Ireland lowered corporate tax rates and integrated into European markets, thus becoming a choice destination for FDI.
faseehthemoonman

40000 jobs added in december yet umemployment rate falls - 1 views

www.globaltvbc.com/...story.html

unemployment

shared by faseehthemoonman on 16 Jan 13 - No Cached
  • unemployment rate to its lowest in four years,
  • Statistics Canada reported last month that the economy grew just 0.1 per cent in October after a flat reading in September and a 0.1 per cent contraction in August.
  • December saw 41,200 new full-time jobs added, while the number of part-time positions fell by 1,400.
  • ...2 more annotations...
  • Compared with a year earlier, Statistics Canada said there were 312,000 more jobs, all in full-time work.
  • The gains were made in the transportation and warehousing segment which added 22,000 jobs, while the construction industry gained 18,000 jobs.Professional, scientific and technical services lost 42,000, while public administration dropped 13,000.
faseehthemoonman

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 faseehthemoonman 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%
  • ...7 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.
  • 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.
  • 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
  • In its autumn Business Outlook Survey, the central bank said companies “have tempered their expectations for business activity.”
faseehthemoonman

Mining industry stakes claim as most powerful economic and social force in Queensland |... - 0 views

www.theaustralian.com.au/...story-e6frg6n6-1226526384303

shared by faseehthemoonman on 01 Dec 12 - No Cached
  • faseehthemoonman on 02 Dec 12
     
    Queensland resources council conducted a study that showed the mineral and energy has once again has increased its economic contribution to the state. resource companies have created 36 billion in gross regional product, due to gas and coal companies. it is a smart decision that auzi started to investing in producing a wide range of commodity resources. since the coal market struck a high. The challenge now is to ensure that there is a strong pipeline of projects across all commodities to sustain and grow the resources.
  • faseehthemoonman on 02 Dec 12
     
    Question Do you think a country like Aus would have more success investing in resources and commodities than Canada?
faseehthemoonman

Consumer Debt - 7 views

consumer debt
started by faseehthemoonman on 26 Nov 12 no follow-up yet
  • faseehthemoonman
    #3 faseehthemoonman on 26 Nov 12
     
    Question #1

    As the holiday season approaches, will consumers be able to go back to the old ways of gift giving, or will the Grinch (monkey) on their back, make them over spend and increase consumer debt?
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