Many immigrants looking for jobs in Canada perhaps won't be aware of the following facts. As we read about the failing U.S. Economy, these facts help us understand the industrial realities and how these may be negatively affecting levels of unemployment in Canada.
Canada's economy is slowing due to its overwhelming reliance on the economic conditions in the U.S.A. As an example, reports from Stats Canada show that almost 3 quarters of Canada's exports have been to U.S.A. (73.3%).
The international recession started in the U.S. In 2008. Between 2008 to 2009 Canada's exports to the U.S. were reduced by over 1/4 (nearly 27%).
The once heralded Canada-U.S. North American Free Trade Agreement has become a handicap that shakles Canada to trade with the U.S.A. at prices no higher than it would normally charge itself. In such twin-ed markets in contraction 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 a nutshell, the income 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%.
Finally, many are convinced that Canada is a nation of equal opportunity. The grim reality of the opposite is exposed in cold numbers. According to Stats Canada, Immigrants are 1.5 times more underemployed 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 overwhelming reliance on the economic conditions in the U.S.A. As an example, reports from Stats Canada show that almost 3 quarters of Canada's exports have been to U.S.A. (73.3%).
The international recession started in the U.S. In 2008. Between 2008 to 2009 Canada's exports to the U.S. were reduced by over 1/4 (nearly 27%).
The once heralded Canada-U.S. North American Free Trade Agreement has become a handicap that shakles Canada to trade with the U.S.A. at prices no higher than it would normally charge itself. In such twin-ed markets in contraction 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 a nutshell, the income 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%.
Finally, many are convinced that Canada is a nation of equal opportunity. The grim reality of the opposite is exposed in cold numbers. According to Stats Canada, Immigrants are 1.5 times more underemployed 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?
