Many immigrants wishing for jobs in Canada might not be aware about the following facts. As we read about the failing U.S. Economy, these facts help us understand the economic facts and how these could be adversely having an effect on 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 example, reports from Statistics Canada indicate that just about three quarters of Canada's exports have been to U.S.A. (73.3%).
The worldwide recession began in the U.S. In 2008. Between 2008 to 2009 Canada's exports to the U.S. decreased by more than a quarter (just about 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: Statistics 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 class of prosperity, that of Oil & Gas Resources, falling in the same period to by -5.3% (mining, oil, gas extraction); Source: Stats Can.
In brief, the revenue side of Canada's ledger is shrinking while the Cost of Living for average Canadians is growing.
According to Stats Canada reporting for July 2011 over July 2010, the Consumer Price Index has increased in these categories: All-Items by nearly 3%, Food by over 4%, and Energy by almost 13%.
Ultimately, many think Canada is a country of equal opportunity. The unvarnished reality of the opposite is disclosed in cold numbers. According to Stats Canada, Immigrants are 1.5 times more jobless versus 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 example, reports from Statistics Canada indicate that just about three quarters of Canada's exports have been to U.S.A. (73.3%).
The worldwide recession began in the U.S. In 2008. Between 2008 to 2009 Canada's exports to the U.S. decreased by more than a quarter (just about 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: Statistics 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 class of prosperity, that of Oil & Gas Resources, falling in the same period to by -5.3% (mining, oil, gas extraction); Source: Stats Can.
In brief, the revenue side of Canada's ledger is shrinking while the Cost of Living for average Canadians is growing.
According to Stats Canada reporting for July 2011 over July 2010, the Consumer Price Index has increased in these categories: All-Items by nearly 3%, Food by over 4%, and Energy by almost 13%.
Ultimately, many think Canada is a country of equal opportunity. The unvarnished reality of the opposite is disclosed in cold numbers. According to Stats Canada, Immigrants are 1.5 times more jobless versus 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 business statistics and legal jeopardy in weighing the emigrating to Canada risks. Those immigrants who may contract with an immigration and citizenship agent may do well by learning how to ignore their own emotions, and observe the odd mannerisms for the integrity of their agent by learning the skill of deception detection. How does one tell if what comes to you is the truth or are you being lied to?
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