Quote:
Originally Posted by JimmiDean
I think at least at this point we are in better shape in Canada due mostly due to the fact we have been paying down our debt for the last ten years and the fact that our housing loans and banks are very heavilly regulated by the goverment so no sub prime mess or bank collapse.
However on the job front we had the largest one month job loss in 32 years in January.
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Well you guys sell alot of goods to the U.S., so obviously our situation is going to hurt you...but you're lucky that there have been no bank failures, your country has had a budget surplus for several years, your national pension system has been fixed (unlike our social security) and even if you do lose a job you won't have to spend all of your unemployment insurance just to keep your health care like you would here.
