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Canadians may have achieved what Americans still long for, a turn up in the national mood, and a job machine that hums.
In fact, Canada's job creation engine is on a tear, last month producing 10,000 more jobs than the U.S. This despite having a population and stimulus program roughly one-tenth the size of the U.S.
(See which businesses are bucking the recession.)
Critics warn that the new jobs being created in Canada don't pay nearly as well as the old ones, resulting in a permanent underclass of McWorkers. Still, America's northern neighbor created 93,000 new jobs in June — nearly 70% in the industrial heartland of Ontario — continuing a trend of job growth in service industries, including retail, wholesale trade and construction. By contrast, private employers in the U.S. added 83,000 jobs in June. However if you factor in the loss of 225,000 temporary Census jobs in government, the U.S. labor market contracted by a dramatic 125,000 workers last month.
Canada's unemployment rate sits at 7.9%, compared to 9.5% in the U.S. And while its latest job numbers are impressive, June was the second month this year that the U.S. was outperformed by its biggest trading partner in labor statistics. (Canada created 43,000 new jobs in January, compared to 14,000 in the U.S.)
"Canada is coming back better than the U.S.," says labor economist Alan Blinder of Princeton University. "I'm losing a bit of the confidence I previously had." Blinder says the U.S. needs to create at least 200,000 new jobs every month to keep its economic recovery on track, but since May employment growth has been nowhere close to that level. This has many in the private and public sectors wondering whether President Barack Obama's stimulus plan — which has so far injected about $450 billion into the economy — has prematurely run out of steam.
But Canada is far from being the Land of Oz. The economy has created 403,000 jobs in the last two years, making back nearly all the losses suffered during the recent global crisis. The bad news is that its manufacturing sector continues to shrink, losing 14,000 jobs in June. That means high-paying manufacturing jobs in the industrial heartland of Ontario are being replaced with lower-paying service jobs with few benefits and even less security.
Originally posted by MRuss
I've been hearing and witnessing a lot of interesting things about Canada the past few years. I am an international tour guide and I spend a part of my summers in the Canadian Maritimes.
Here are few downsides to Canada's burgeoning economy and popularity:
What I dislike about Canada:
2) The insanely high tax rate: Someone has to fund their socialized medicine program! How does 18 percent sales tax grab ya?
Originally posted by MRuss
This new border craziness has more to do with your Prime Minister than anything else. It is an ANTI AMERICAN stance, and one day it's going to blow up in your faces.
But Canada is far from being the Land of Oz. The economy has created 403,000 jobs in the last two years, Read more: www.time.com...
You miss the point...financially, Canada is in a lot better shape than the US. That's with that socialised medicine and the Hated Sales Tax.
This new border craziness has more to do with your Prime Minister than anything else. It is an ANTI AMERICAN stance, and one day it's going to blow up in your faces. I know at least a dozen people who don't even bother at the border anymore---people who want to come to your country to fish, spend money, or rent a cabin. And trust me, these are all upstanding citizens in my community.
As of May 2010, 1,252 armed officers have been trained and deployed to various locations across Canada. The CBSA continues to work diligently to ensure that its officers are properly trained and provided with the tools, equipment and other resources needed for the successful implementation of the Arming Initiative.
A Mid-Michigan woman says she was denied entry into Canada because she is on welfare.
Rose Kelley of Owosso says she has filed a discrimination complaint with the Canada Border Services Agency over its refusal to let her and her two children cross the border via the Blue Water Bridge connecting Port Huron with Sarnia, Ontario.
Boomers planning a trip to Canada had better revisit their memories. Let's say you got busted for smoking marijuana in college, which, at least in my time -- the 1960's and 1970's -- was almost as prevalent as that other national pastime. "Getting busted" for it was part of the game. But that bit of youthful indiscretion may come back to haunt you now, in a most surprising manner.
Originally posted by MRuss
How do you explain this, Canadian friends?
A Mid-Michigan woman says she was denied entry into Canada because she is on welfare.
Rose Kelley of Owosso says she has filed a discrimination complaint with the Canada Border Services Agency over its refusal to let her and her two children cross the border via the Blue Water Bridge connecting Port Huron with Sarnia, Ontario.