Harper says he could be a victim of job losses too- Politics – Canoe.ca

With his attitude and admitting that he doesn’t know what else to do, he deserves to lose his current job.

Technorati Tags: Stephen Harper,Economy,Canada,Stimulus

Harper says he could be a victim of job losses too- Politics – Canoe.ca

 

Recession a ‘relatively mild’ challenge for Canada: Flaherty

Both Finance Minister Jim Flaherty and Prime Minister Stephen Harper are wearing their rose-tinted glasses while in Europe. Flaherty characterizes Canada’s woes as a ‘relatively mild recession’ while Harper acknowledges that there still big losses expected. It seems unusual to characterize the recession as mild when it is the deepest since 1961. I would hate to live through a deep recession by Flaherty’s standards.

Recession a ‘relatively mild’ challenge for Canada: Flaherty

Technorati Tags: Employment,Recession,Stephen Harper,Canada

 

Kiva – Loans that change lives

A few days ago I blogged about Kiva. I thought you might like to see how I have helped people from across the world.

Click the link below to see my Kiva page and then come back to tell me what you think.

Technorati Tags: Kiva,Charity

Kiva – Loans that change lives

 

February jobless rate rises to 7.7%

The February employment figures for Canada came out this morning. As I feared, they were worse than expected.

The February drop pushed the national unemployment rate up half a percentage point, from 7.2 per cent in January, Statistics Canada reported Friday. 82,600 jobs were lost. Economists had been expecting February jobs losses to come in around 55,000, and for the overall unemployment to rise to 7.4 per cent.

 

Ignatieff to issue own report card on economic recovery plan

It looks like Michael Ignatieff has the same concerns as me. The Canadian Press just issued a report that Michael Ignatieff will issue a probation report, later this month, on how well the Harper government is doing with its economic recovery plan. The plan called for the creation of 190,000 jobs. Let’s see how they are doing so far.

 

Is PM Harper being too rosy (Update)

Further to my concern about PM Harper’s speech yesterday, the IMF released a report this morning that Canada’s slump will be sharp. The official projection, for now, is for a contraction of 1.2 per cent, but that will come down as the IMF takes into account the deep contractions taking place in Canada’s main trading partners.

 

Is PM Harper being too rosy?

CBC News reports that Prime Minister Stephen Harper gave what was billed as his first major economic speech on the recession Tuesday in Brampton, Ont. Canada will emerge from slump faster, stronger he said. I am not so sure about that. In January, Canada’s unemployment rate jumped by 0.6%, exceeding any monthly decline in the 1980s or 1990s. By comparison, the US unemployment rate only went up by 0.4%. New figures are due from Statistics Canada on Friday March 13th. The US unemployment rate went up by 0.5% in February. Let’s just see how Canada compares. I don’t understand how Canada can recover faster and stronger when we are falling faster and harder.