Canada loses 71,200 jobs in the biggest drop in employment in a decade

[JM_]

35 minutes ago, Boudrias said:

I have never seen a politician of any ilk who would not write a cheque if he/she could get away with it. Turdeau Sr. ran $50 billion deficits as a matter of course. IMHO he was the one who started all this. In the last election JT ran on deficit spending and Scheer didn't really challenge him. It is the bggest weakness in conservative thought. The inability to communicate a rationale process for government spending. When debt becomes a opioid for societies ills the outcomes will not be pretty. 

there isn't a party for fiscal conservatives anymore. If you think thats the CPC you're lying to yourself. 

[Boudrias]

6 minutes ago, Jimmy McGill said:

there isn't a party for fiscal conservatives anymore. If you think thats the CPC you're lying to yourself. 

True. Thusly my comment about Scheer. 

[Warhippy]

1 hour ago, Ryan Strome said:

Oh there is no irony it's what the title of the article said I'm sorry that you can't read but I'm not surprised. So when you move into Alberta? Another hippie lie LOL

You have a severe inability to process information don't you?  When people respond to you take a second and read what they say.  If you respond just for the sake of response you never learn anything

[Duodenum]

Name a more iconic CDC forum rivalry than the one between @Ryan Strome and @Warhippy.

[Gurn]

1 hour ago, Warhippy said:

I agree with that sentiment.  Basic fiscal responsibility, budgeting and living within ones means needs to be taught from an early age.

 

1 hour ago, Ghostsof1915 said:

I'm getting rid of my debt, and in the future even if I get another line of credit it will have a very low limit. Lines of credit are worse than credit cards. Ok for emergencies like for major repairs etc. But it's a trap that's hard to pull out of. 

 

1 hour ago, Jimmy McGill said:

its terrible, and so easy to get its criminal. 

 

Budgeting is the key, and understanding how you spend lets you make good decisions. There's a lot of good apps out there that help you track your spending and once you get an understanding of that you can really make good decisions about your finances. I really like one called Mint, use it daily. 

Commercials that tick me off.

all over Team1040 radio every commercial break they play debt consolidation (good idea) but also "we can reduce your debt by up to 60-80%".

Spreading the idea that it is ok to run up a $100,000 debt because it will be reduced to 20 grand.

 

I'm like wth am I doing wrong by having savings and no debt, when I can just borrow money and then not pay it all back.

 

And then who pays for that debt that the originator doesn't? All of us, as the prices of everything goes up to compensate for those who screw up their financials.

[bishopshodan]

7 minutes ago, Duodenum said:

Name a more iconic CDC forum rivalry than the one between @Ryan Strome and @Warhippy.

I'm convinced they are roommates. 

 

[MikeBossy]

8 minutes ago, Duodenum said:

Name a more iconic CDC forum rivalry than the one between @Ryan Strome and @Warhippy.

They need to have their own thread where they can work out all the angst between them

 

[Gurn]

1 hour ago, Boudrias said:

Turdeau Sr. ran $50 billion deficits as a matter of course.

Can you  back that up with facts or are you just "taking poetic licence" again?

[MikeBossy]

1 minute ago, bishopshodan said:

I'm convinced they are roommates. 

CDC's own Odd Couple perhaps? Stromer definitely is the salty one - almost think he needs a hug

 

[TheAce]

Regardless of whatever political spin people want to put on this, over 70k people lost there jobs right before Christmas and thats a sad thing. I really hope our government can put aside differences and start doing things that will benefit the people instead of worrying about scoring political points.

[MikeBossy]

2 minutes ago, TheAce said:

Regardless of whatever political spin people want to put on this, over 70k people lost there jobs right before Christmas and thats a sad thing. I really hope our government can put aside differences and start doing things that will benefit the people instead of worrying about scoring political points.

I'd add to this by saying since we have a Minority government I hope all the parties in Ottawa can start working together instead of constantly attacking each other to score points. 

The Federal government and Alberta working out an agreement on the Carbon tax gives me some hope. (Although don't tell UPC supporters the Alberta Carbon tax solution was originally developed by the NDP)

[Kragar]

25 minutes ago, gurn said:

 

 

Commercials that tick me off.

all over Team1040 radio every commercial break they play debt consolidation (good idea) but also "we can reduce your debt by up to 60-80%".

Spreading the idea that it is ok to run up a $100,000 debt because it will be reduced to 20 grand.

 

I'm like wth am I doing wrong by having savings and no debt, when I can just borrow money and then not pay it all back.

 

And then who pays for that debt that the originator doesn't? All of us, as the prices of everything goes up to compensate for those who screw up their financials.

Doesn't that kind of consolidation mess with ones credit rating? I dunno, it feels wrong to not pay it off, IMO.

 

Even if they don't make a deal, and just consolidate into a larger debt with a lower rate, it still doesn't help in the long run.  People need to learn to live within their means, not within the payments they can afford.  It doesn't take much for life to mess you up and cause you to miss payments, then it is downhill from there.

 

Good for you for staying out of debt.  It's a liberating feeling, one I am looking forward to experiencing soon (not that things are bad now, but we are on a better path than before)

[MikeBossy]

I know this article is about current job losses under the Liberal government and I am not trying to sidetrack the topic but I feel I need to comment on job losses in general as the downturn in the Alberta economy over the past several years has affected me and want to share my experience as someone who has only lived in Alberta since 2010.

 

I was fortunate enough in 2010 to receive job retraining as i had never been on EI and lost my job in BC. I chose to take carpentry and as someone in his early 40s it was a tough decision. Before that I had worked in the social services industry supporting Adults and children with developmental disabilities. Before that I had completed and Associate degree in Marketing/Management. After completing my first year of training I decided to move to Alberta for work and have lived here ever since. The oil was in boom phase and at the time I witnessed workers with no work experience or education receiving jobs that paid them a minimum of $50,000 a year doing mainly labourer work. Tradesman were making close to $100,000 a year and from what I witnessed everyone spent it as fast as they made it - myself included. We all thought it was going to last forever. fast forward to 2016 and in july I was working in Northeast BC as a project supervisor and the previous year had made over $150,000 ( I also should mention I probably worked 320 days that year and 12 to 14 hr days) We received a call that morning from our Manager who said we had a conference call at 1 pm. At 1 pm we were informed he company had gone bankrupt and as of 1pm no longer existed. We had to find ways home for all of our crews - company credit cards were cancelled so we couldn't even fill up the company trucks and myself and several other workers footed the bill to drive everyone home. We all lost any holiday pay we were owed and wages for the three weeks we were out on site. 

 

At that point - realizing that I had wasted an opportunity while the going was good I took a job in Winnipeg as a Project Coordinator on a civil project at a much lower salary and spent the next year once again living away from my girlfriend and my family in BC. In 2017 I decided that I was tired of working away from home and again took a job in Edmonton back in my old field of social services again at a reduced rate of salary. I have learned that we tend to live way beyond our means and blame governments and politicians for things that we do need to look in the mirror first. My girlfriend and i live what I think is a decent life - we just needed to get our priorities and finances in order which we have done.

 

I guess what my point is - no one is guaranteed a job for life and its up to us to make ourselves more marketable to employers through education and work experience. Where I think the government plays a role is providing access to training and education for all Canadians so they we have a more skilled work force and can attract those industries which don't have shelf lives like some Natural resources do. We as Canadians need to re-evaluate our lifestyles and learn to live within our means and not base it all on how much credit we can get - savings is the key to surviving job loss - and being able to live within those means if a job loss does occur. 

 

Sorry for the rant - just wanted to add my thoughts to the topic. 

[Gurn]

2 minutes ago, Kragar said:

Doesn't that kind of consolidation mess with ones credit rating? I dunno, it feels wrong to not pay it off, IMO.

 

Even if they don't make a deal, and just consolidate into a larger debt with a lower rate, it still doesn't help in the long run.  People need to learn to live within their means, not within the payments they can afford.  It doesn't take much for life to mess you up and cause you to miss payments, then it is downhill from there.

 

Good for you for staying out of debt.  It's a liberating feeling, one I am looking forward to experiencing soon (not that things are bad now, but we are on a better path than before)

I can see consolidation helping  as the bank loan will have a lower rate than those credit cards people owe on.

But being able to walk away from large amounts of the principal debt is what ticks me off.

[Warhippy]

39 minutes ago, TheAce said:

Regardless of whatever political spin people want to put on this, over 70k people lost there jobs right before Christmas and thats a sad thing. I really hope our government can put aside differences and start doing things that will benefit the people instead of worrying about scoring political points.

This is the only fact that matters.  But its politicized because "reasons"

[Warhippy]

14 minutes ago, MikeBossy said:

I know this article is about current job losses under the Liberal government and I am not trying to sidetrack the topic but I feel I need to comment on job losses in general as the downturn in the Alberta economy over the past several years has affected me and want to share my experience as someone who has only lived in Alberta since 2010.

 

I was fortunate enough in 2010 to receive job retraining as i had never been on EI and lost my job in BC. I chose to take carpentry and as someone in his early 40s it was a tough decision. Before that I had worked in the social services industry supporting Adults and children with developmental disabilities. Before that I had completed and Associate degree in Marketing/Management. After completing my first year of training I decided to move to Alberta for work and have lived here ever since. The oil was in boom phase and at the time I witnessed workers with no work experience or education receiving jobs that paid them a minimum of $50,000 a year doing mainly labourer work. Tradesman were making close to $100,000 a year and from what I witnessed everyone spent it as fast as they made it - myself included. We all thought it was going to last forever. fast forward to 2016 and in july I was working in Northeast BC as a project supervisor and the previous year had made over $150,000 ( I also should mention I probably worked 320 days that year and 12 to 14 hr days) We received a call that morning from our Manager who said we had a conference call at 1 pm. At 1 pm we were informed he company had gone bankrupt and as of 1pm no longer existed. We had to find ways home for all of our crews - company credit cards were cancelled so we couldn't even fill up the company trucks and myself and several other workers footed the bill to drive everyone home. We all lost any holiday pay we were owed and wages for the three weeks we were out on site. 

 

At that point - realizing that I had wasted an opportunity while the going was good I took a job in Winnipeg as a Project Coordinator on a civil project at a much lower salary and spent the next year once again living away from my girlfriend and my family in BC. In 2017 I decided that I was tired of working away from home and again took a job in Edmonton back in my old field of social services again at a reduced rate of salary. I have learned that we tend to live way beyond our means and blame governments and politicians for things that we do need to look in the mirror first. My girlfriend and i live what I think is a decent life - we just needed to get our priorities and finances in order which we have done.

 

I guess what my point is - no one is guaranteed a job for life and its up to us to make ourselves more marketable to employers through education and work experience. Where I think the government plays a role is providing access to training and education for all Canadians so they we have a more skilled work force and can attract those industries which don't have shelf lives like some Natural resources do. We as Canadians need to re-evaluate our lifestyles and learn to live within our means and not base it all on how much credit we can get - savings is the key to surviving job loss - and being able to live within those means if a job loss does occur. 

 

Sorry for the rant - just wanted to add my thoughts to the topic. 

I think this needs to be a pinned post because it's on point and has points that apply to basically everyone

[Warhippy]

2 hours ago, Boudrias said:

I have never seen a politician of any ilk who would not write a cheque if he/she could get away with it. Turdeau Sr. ran $50 billion deficits as a matter of course. IMHO he was the one who started all this. 

You're right in that he did start this by basically destroying the BoC and effectively making Canada a nation in perpetual debt like most others.

 

But $50 billion deficits?  Literally none of the numbers back that up.  At all.

 

Let me guess.  You posted it somewhere?  We just need to look it up?  Or we just need to google it or?

[Boudrias]

42 minutes ago, gurn said:

Can you  back that up with facts or are you just "taking poetic licence" again?

I lived thru it. Does that count? 

CBC News 02-11-2016

Year     Deficit                    PM              Year     Surplus               PM

75-76   -28.37 Billion       Trudeau    98-99       + 14.25 Billion    Chretien

74-75   - 27.87  "                  "            99-00      + 19.89    "               "

76-77     - 41.8    "                  "          00-01       + 8.0       "               "

77-78   -  46.0   "                  "            01-02        + 6.6      "               "

79-80   - 43.1    "                  "            04-05        + 13.2    "          Martin

80-81   - 41.5    "                  "            05-06       + 13.7     "               "

81-82   - 68.88  "                  "            06-07       +  9.6      "          Harper

82-83   - 71.53  "                  "

83-84   - 77.88  "                  " 

 

Total:    - 446.8 Billion of deficit spending

 

Pretty crude effort but I am not a techie. Bottom line is that in 14 years as PM Trudeau never produced a balanced budget.

[Ryan Strome]

2 hours ago, Jimmy McGill said:

the difference with old Bri is he was transforming Canada into a different tax system and trade system. Not sure what we're getting with Trudeau's debt. The one piece I was excited about was the infrastructure bank, but thats in a bit of a failure to launch mode. 

If you don't mind PM me what you just said there about Mulroney or elaborate more in this thread I don't know how much space it'll take up but I'm not really sure what you're actually saying. Like I understand NAFTA but I don't know what you mean by tax system. Unless you're talking about the GST but I'm not sure why either of those caused massive debt.

[canuckster19]

4 hours ago, Warhippy said:

Numbers don't lie.  That's still 220,000 more jobs than at this point in time last year.  That's still one of the hottest job markets in Canadian history.

 

I personally love how instead of talking about this in the election thread like everyone else has been doing for the last 36 hours someone needed the attention and decided to make a thread about it.

 

The issue with this is that many of these jobs are actually manufacturing and resource/extraction based.  A fair number of service based put in as well with the east carrying the brunt.  These are based off of issues in the world market almost exclusively.  There is little wrong with what is happening in Canada at this point.  But with so many issues on the world market it's affecting everyone.

 

This is not to say this is a good thing, it's actually terrifying.  Canada has been on shaky underlying numbers for almost 7 years regardless of the rosy pictures being painted by economic reports and labour reports.  Much of it not the fault of any one political party at the federal or provincial levels.

 

When your biggest trading partners in the world are fighting each other, slapping tariffs on everything, refusing to buy based on national ownership of said company or to busy squabbling a resource based economy is going to suffer.

 

I don't understand how it can be so volatile... is someone adding a zero when they shouldn't be or something?