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I'm perfectly happy with Canada and being Canadian. My business is thriving. I don't own a house (i'm 50) and probably won't. They aren't good investments and both a recession and a housing crash are necessary to lower prices. \n\nLet me say something about the housing crisis - it's not immigration. Canadians are overleveraged. Many own second, third and fourth properties that they rent out. Once they have to renew into the teeth of higher rates you'll start to see a correction like what we saw in the 1980s. Couple that with higher unemployment and you have a recipe for a crash. Everyone wants lower house prices -- until we get them. Go try to renew your 600,000k mortgage on your million-dollar house that's now worth $800,000. \n\nHealth care is a problem - but where isn't it? The UK? The US? Many parts of the US are close to third-world countries. \n\nI'm happy here. The rest of the world seems bonkers by comparison. Go ahead and leave.

Best surplus in only one of Harpers years as Primeminister was about 13 billion. So lets do some simple math if the government could achieve this every year which is beyond a drugged induced fantasy the federal budget would need to find 73billion in cuts 60 billion would be needed for interest payments 13 billion going toward principal. So if never any recession or world event shocks or higher interest rates your looking at 2.1 trillion Divided by 13 billion\nYour looking at 150,000 years to pay off debt worst case if we started today. Bankruptcy is not an option is on the table staring at us right now.

As a Torontonian born and raised here it’s had a couple shifts in feel over the past decades. Around the mid 90s, there was an increase of gun violence, crime and theft in the city which caused my family to move out to the burbs. I moved back during the 2009 recession for higher education at one of the institutions downtown. At that time, there wasn’t much violence at all. We went out til the wee hours of the morning from Fashion district (Queen and Richmond) to Honest Eds (Bathurst and Bloor), to Yonge and Dundas square. There were still some homeless people then, but fast forward to now, it’s gotten aggressive. Instead of the homeless people keeping in their camps, but now, they have been displaced, are angry, mental health issues are rampant and incidents can happen anywhere. I think we have the right mayor in place now to make some positive changes for the social issues in the city and I am optimistic that we can get it cleaned up over time. For now though, I agree with the sentiment, come for a visit, but maybe skip out on living here until the social issues get sorted. You always have to keep an eye on the back of your head these days.

It is like this everywhere, moved here from Bay Area and heard things have turned bad over there too.\nI understand micro and macro economics, so whoever is reading this try following it. Stop using social media especially Instagram because you are being turned to a consumerist i.e., you always have an urge to purchase a commodity be it a product or lifestyle.\nInstead slow down and enjoy company of your loved ones at home, detox yourself from shopping, visiting snobby places, refrain from upgrading phones every year,..\nThis might cause recession but it's good for all in the long run as right now rich have become RICHER because of fed printing money.\nTry being less greedy, try spending less money at Amazon or other big companies and rather encourage local stores, restaurants...

This is a very thoughtful and balanced review. As a retired Canadian who had a good job for most of my life, I'm saddened by the decline in almost all areas of life, lifestyle and and people's aspirations in this country. This decline actually seems quite rapid, I would say from 2015 onwards. Housing in major centres was expensive, but it has skyrocketed in the past decade. There has been a decline in many institutions: 1. health-care, especially noticeable since the pandemic that coincided with many boomer medical staff retiring, but also by our sclerotic institutions refusing to enable foreign-trained doctors to work here. Many foreign-trained doctors in the Vancouver area are doing jobs way below their qualifications while many people cannot even get a family doctor. Crazy. Econonically, there seems to have been no plan at all from the government as we exited the pandemic. At least the US had a plan, to 'build back better'. Our government just floats along as if everything is fine, when the decline is very visible especially to older Canadians. We have admitted 1/2 a million people a year from overseas, so our economy should reflect this and show an upswing. But no, we're in a 'technical recession' as of December and probably a real recession as of last week. I have never voted Conservative in my life, but Trudeau is a flaky dimwit with a famous name who has no clue what he is doing. A fool, in fact. He's mismanaged our foreign relations beyond belief, and nothing has improved domestically. When Pierre Poilievre says 'Canada is broken', I believe it. We deserve much better leadership; in Canada's case, the rot does come from the top. Justin the entitled idiot is much more like his mother than his father.\n\nLong rant. Anyway, I just wanted to praise your balance, and your decision to stay for now. Moving from one country to another is a huge life-change and you have worked hard to be here. I only hope conditions improve for you and your husband in the near future. Will look out for your future videos.

- Lack of affordable housing\n- High grocery inflation due to corporate price gouging\n- Healthcare system near collapse\n- Lowest worker productivity in G7 from lack of investment in robotics and infrastructure\n- Living standard on continuous decline\n- Economy in recession despite record immigration\n- Credibility of Canadian university degrees destroyed by diploma mills\n- Accepting more immigrants than the US despite having 10 times less population with no plan to provide housing, job or infrastructure.\n\nTo say we're heading in the wrong direction is an understatement. We're falling off a cliff and it's a long way down. It will take decades to recover from this mess even if we start making massive changes today.

I live in NYC, and have been to Canada at least four times, but the last time I was there was quite some time ago. I always had a good thought about Canada, because it seems like some of the problems we have in this city, Canada also has in some way. Right now the city is a complete mess; at post pandemic and with a bit of a recession and a noticeable increase in groceries to basic things like cat food and tissues. That's not the biggest problem, it really is the legislation or lack of for people who not care for themselves. Those homeless people are almost not helpable and I don't feel threatened by them, but other people definitely do. The way the government has handled these undocumented migrants is a complete disaster and couldn't have come at a worse time. We have a serious housing crisis as well, and people can end up paying for high rent, for not the best places, but they want to live in a certain location. The migrants are coming in at about 60k in the last two weeks. You see mothers with little kids or babies selling candy all over the trains and it's becoming too much. Many see it as a form of child abuse or exploitation and we do not respect it at all. I think they feel we are weak and will just pay double for something we don't need. At one station today I must have be approached 3 times and interrupted 2 times while using my phone. It's just too much and we already have a lot of immigrants here, so I'm not sure where these people believe they will find any meaningful employment and the cold is coming. I wasn't born here, but came legally as an infant. I think the border situation is a disaster and it's obvious to a lot of people that the government lets things happen that will definitely effect citizens in the next couple of decades. The city is crowded enough and I do not know where this is all going, people do not want undocumented migrants house a few hundred feet from a childrens school. I just don't understand how they let this happen....I guess this is how Biden does things and all the groups that cheered buses pulling in when it first started are dwindling down....they just want them passed on to someone elses responsibility, but wouldn't want them as neighborhors necessarily. It's a lot of hypocrisy here. Canada seems better in some places, and the same in others.

Garbage video. For example. what are are the names of these polling companies? How any people are surveyed and in what region? When - 2009 during the recession? Also at 2:28 - nearly half or so of people in any democracy don't like the way their country is being run because the party they voted for didn't win.

Our family has been in Canada since the 1600s. I think it's time to leave. Gun confiscation, media bought off by the state, anti-white racism, sabotage of the oil industry by government, censorship and of course the catastrophic economic situation brought about by incompetant and doctrinaire government. The worse though, is that the government we've had for the past 8 years does not have Canadians' best interest at heart. They are puppets of the globalist and ruthlessly implement policies, such as carbon taxing that not only fuel inflation, but bring misery on a significant portion of the population. They even hiked the tax a few time in the middle of a recession. Oblivious or uncaring about the financial ruin they are unleashing on the average Canadian.

just giving stamps for PRs wont solve recession (which canada is in for sometime now). it is the same as building newbuilds without roads, schools and hospitals. current goverment is uneducated, corrupted and simply not suitable for their roles. none of ministers has background education, experience or skills for the sector they run. do not forget brain drain to the usa as well.

Cause of this high inflation recession is the corrupted government.

Nice video! It was quite a rough year for me as I lost my job as a college teacher and earning from home was so uneasy due to the economic recession. Things turned for better mid-year as I got in contact with Ms, Norman Davina, I opened up about challenges I was facing here in Norway. During my time working with her, I was able generate weekly returns on my investment in the money market. We still keep in touch, such an amazing lady.

I've been here for 12 years and I'm moving to the US next month. All my friends are gone, anyone who has that possibility is leaving. Not only leaving the city but leaving Canada. It's absolute insanity how everything has collapsed over the past 3 years. You see influx of Indians everywhere because I guess they are the only ones still willing to move here.\n\nFurthemore, the unemployment and recession are mindblowing. The salaries are the same as they were 5 years ago and the cost of living doubled.

Why do people still keep coming to Canada? Because it's even worse where they come from. Unfortunately, even countries in Europe are in trouble. Have a look at France and Germany. Germany is in debt and in recession; all Latin EU countries are in debt up to their eyeballs, facing bankruptcy thanks to free spending liberal governments. As for Developing Countries, their GDPs are not enough to deal with their populations reaching working age. Their growth is too slow, so opportunities abroad look attractive. And, if immigrants move onward to the USA, that is the natural flow Canadian immigration has had for decades. The Can. government will need to become heavily involved in creating affordable, high density housing, cut red tape, and make education cheaper if they want to retain migrants.

Not hard working Canadians should leave Canada, let the person one coruption after the other getting salary round $500000 a year and wrect and create highes recession in 40 year, make sure he will step down so canada can be again greate with out him. That guy belongs in the Guinness book, i m sure no body will be able to kompete him, DDDDHKP?

I am an immigrant and life now in this country is very hard and i believe it is exacerbated by crazy government policies. It's just crazy to allow too many immigrants during a recession ???

It's the death of the Canadian dream. You cannot afford a house in Vancouver unless you make a $100 an hour. LOL. Immigrant ARE planning an exodus which will foul up the Gov's scheme to keep the recession at bay with all the $ those immigrants are forced to dump here.

No vaccination recession virus is expected

Immigration is also a factor in climate change because of the constant encroachment on environment. Occasionally, the elements retaliate, leaving humanity defenseless and destitute. People are forced to evacuate and seek refuge in a different, comparatively safer area due to unexpected storms, floods, tsunamis, and various other natural calamities. In turn, this will impact the economy and raise the amount of inflation. Investors should be cautious when deciding which new investments to make and when limiting their exposure, especially during inflationary times. To manage this recession and perhaps earn large yields, it is advisable to consult with a professional or trusted advisor.

Canada was good all the way up to 2008 and during the oil booms now its terrible if you don't make over 90000k food prices unaffordable housing crazy homelessness if you immigrate to Canada i honestly feel sorry for you shur a very few will make it work if lucky but we are in a confirmed recession so good luck

Because we are full, they cant hide how bad our economy is by fudging the numbers through immigrants anymore. Canada is FULL. We have been in recession for years, they are hiding it via immigration.

What labor shortage? We're adding twice as many newcomers as there are new job openings, the inflation remains stubbornly high, while we're also getting into the recession. Enough with the labor shortage lies already!

One recession coming right up! What I want to know now is where are these greener pastures their talking about and where do I sign up?

I don't blame them. Getting 1.2 MILLION immigrants to come in while we are in a recession and suffering from a housing shortage and rent surcharge... Was NOT the greatest idea in the world.

HI Chokor, I really like your submissions.?\nHowever, I will excuse your level of knowledge about Europe as you have said that you have never lived in Europe.\n\nMy own submissions is that both Europe and U.S.A/ Canada has their goods and bads.\n\nFirstly, Europe pratice Socialist and Capitalist economy, meaning if you are working and fall on hard time due to recessions, or health challenges. \nEurope welfare systems will support you, until you are back on your feet, and if its terminal health challenges, the systems support you till death.\n \nPerhaps that is why European pathways to citizenship use to be so narrow, but its changing now,\nGermany has adopted, u.s.a type of Green card, currenty assylum seekers in Europe mostly received work permits after 9months.\n\nCritically, Europe still has more to learn from Canada in terms of integration and equal opportunities for immigrants.\n\nCritically, U.s.a and canada, systems are pure capitalist economy, If you are unlucky to fall on hard times, or health challenges, and if the person does not have full medicaid insurance, that person life is likely to be cut short. \nDue to lack of access to quality hospital care.\n\nEven, i watched it on CNN/CBS, how most medical insurances in U.s.a, and Canada ars refusing to cover persons with Diabetes.\n\nUsa and Canad has one of the worst homelessness in the developed world, most of them are not drug/alchohol addicts, rather persons with good works, and home owners who had fallen on hard times.\n\nConclusion, wherever God give us in abroad, one should just pray for mercies of God..?

We are on a recession, loosing jobs, let’s support first the internal problems, especially to the working people.

All these blogers have made traveling abroad look like the heaven on earth...lol I lived in Canada for 5years and the situation was depressing..The country is currently going through economic recession..In Nigeria as terrible as this place is people are still buying cars and houses cash..Canada is a fucked up country that guy will eventually relocate to the US very soon

Thanks Lynn for bringing this up. I am a Kenyan living in Canada. You highlighted the most important thing- due diligence. There are a lot of people that come here with a promise of a better life and the notion is that it’s instant. I want to confirm to you that it’s better life, but it’s not instant. You have to put in the work and prove your worth. You have to gain Canadian experience to get a decent job. Also be ready to go back to school and upgrade your skills. There are jobs here zinaitwa Trades. These are the jobs that we don’t value at home but pay amazingly well here. Construction, Electricians, Plumbers, Mechanics, Carpentry, Welding, Hairdressers, Tailors.. Those are very valued skills here- if you can invest in learning these trades but pia ukikuja hapa you have to convert your certs to Canadian ones by doing an exam or going back to school . If you are into office jobs, make sure you have market relevant skills that align to this country. Be ready to embrace the digital revolution and mpende hesabu. Accounting is very much valued here. The secret is be ready to start from the bottom, be ready to upgrade yourself, be ready to work like you’ve never worked before… You will make it eventually .. Mungu mbele! \nI am confirming that we are going through a recession here and as per the market trends, it’s only going to get worser until we get to a point of stabilization. The housing market is crazy, food costs and gas (fuel)costs are off the roof .. it’s not easy. So if you have a good job in Kenya, hold onto it for now until things get better ( due diligence /research) .. Make sure you have the right visa that allows you to work here. That visitors visa theory is not working anymore. \nOverall Canada is a good country with lots of opportunities but it’s not for the faint hearted. \nLastly, be prepared for the harsh winters and days of severe loneliness- Si lakini ni life? Kila nchi ina challenges zake. God bless!

The whole world has been in recession from last year .As for Canada we started to feel it more this year.With recession everything becomes inaccessible.

Every city in the world is changing/has changed. We are in a major recession right now and we still have not seen the worst of it.

12:40. Whether employers hire new\nvomers depends on industry and economy. Lots of newcomers were hired in tech. Right now, we kind of are in s recession so depends on your skills. Anyway there is some truth to this claim but don't count yourself out without investigating for yourself .

We're fucked. This mass Exodus plus recession depression is why we're to make America great again!

India is in a much better situation in this recession.. even better than the US and Canada. I have a good job here.. Enjoy my weekends with great food from swiggy zomato and beer?. You get better salary packages in India. Cities like Pune, Bengaluru, Gurgaon, Ahmedabad, Navi Mumbai are great to live in and earn. I work from home...nice work life balance, enjoy my vacations in Goa... Go for a vacation every 4 months. Thoughts came in to shift to Canada... but decided not to go. Why struggle so much abroad. Pajji has said the truth...so relatelable! Thanks for making this eulye opening video for people deciding to come to Canada.

i lived in manitoba for 9 years, from the age of 5 to 14. i got so used to the cold that the fact alberta shut down school busses at -25 was shocking. my elementary school in winnipeg made us stay outside for recess unless it was -28??

VOTE RED TO STOP THE DESTRUCTION AND INCOMPETENCE AND THE ECONOMY IS ABOJT TO GO INTO A MAJOR RECESSION- JUST WATCH. VOTE RED!!!!

A perfect storm is brewing in Canada. Inflation, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

It’s crazy how everyone blames the immigration problem to the recession problem. Two different problems here but people like to just talk shit behind a keyboard

The way I see this recession most likely has an external cause. The United States is losing influence as a federal currency for the first time in decades. They don’t have any economies to utilize to control their inflation, and less money is being spent on stock and oil trading than previously. They all lend credence to the hypothesis that a new multilateral world order may be in the works.

I'm a US citizen who lived in Australia for 2 years. The process there is very similar to Canada's but with a slightly stronger tilt towards specific skills. The recession hit in 2014 and, without a sponsor, they weren't renewing most visas so we had to GTFO. I'm still sad about it. Obviously my life in the States is nothing to cry about but our life in Oz was amazing..

Please also mention the true fact that after a minimum 2500/- to 3000/- Canadian dollar earning per month, how much money will you get in your hand after deducting tax by the government. Nominal tax is deducted on 25 to 30 % on salary. \nRent for 1bhk is 800/ 1000 $\n& other expenses like food, household utilities, & mobile exp. It's not advisable to survive in this recession period for labour person

I got lucky... in 2010 when I applied for the H1B during the great recession, there were more visas than applicants....

This is highly biased just because they have moved to Canada doesn’t necessarily mean that Australia is any less .Both are DEVELOPED nations to be very precise .Australia has the highest wedge rates and yes as compared it’s hard to get into Australia than Canada because Australia is more into skilled workers it’s twice the size of India with only 2.5 cr of population and they manage their population and jobs at their best which is commendable and the same is with Canada as well .Every country has their own norms and have their pros and cons just because one couple has faced some issue with Australia doesn’t necessarily mean all the people have faced the same thing again it depends on the field you are working at . Covid has changed perspective and situations of every country one more Point Australia has never entered recession in 4 decades that’s a great point to consider . There is nothing wrong if these developed nations having strict barriers to consider people from outside as they want to manage things at their best be it for their own or international people living their which is the best thing any country can do for themselves and most importantly what people need to understand if they are from developing nations is that any developed country will be difficult be it CANDA ,AUSTRALIA etc nothing comes easy so to anyone getting little inclined towards any country I will highly recommend to have an intensive research on this as moving to any developed nations is not easy people have different mindset and perception you can decide what is best for you .?

A few quick points. \n\nDuring the 2009 recession, canada was positioned pretty strong, however if we didnt lower our interest rates our currency would have rissen to high in value and as a result made it too expensive for u.s companies to invest in it. \n\nThe downside was that it over inflated assets due to our strength and confidence in the housing market during the u.s. termoil.\n\nNow, our cost of living is incredibly high, and our tight lending policies on businesses make it difficult to scale within our own country, thus limiting good paying jobs. \n\nThe reason canadians dont invest as much in businesses is not because of lack of innovation and work, it is just much harder to acquire capital.

It's almost as though leaders in Canada and Australia have been reading from the same script for at least a decade. Whether the looming recession downunder is 'technical' or not, house prices and rentals only seem to keep going up.

On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures  during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

With recession on head. what are they going to do

According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

Just let them in, give them job, houses, money, land, healthcare. Fuck if usa is running out of money or in a recession. Look they earned it

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

USA poor leadership policies is detrimentally causing an extreme BANKRUPTCY economic nightmarish outcome of future proportions we just can’t recover? America can’t sustain this debt ceiling already CRIPPLING our financial structure with devastation and catastrophic liability which future generational millennials won’t be also be capable to balance any government BUDGETS after inheriting Biden’s Presidential economic policy BLUNDERS affecting Corporate Entities insolvency, stock market dismal predictions, real estate meltdown, and inflation & recession quadruple the size of Great Depression!! GOD HELP US