Canada loses 2.8k jobs in July

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  • Опубліковано 23 жов 2024

КОМЕНТАРІ • 191

  • @baranal
    @baranal 2 місяці тому +48

    Increasing the population while decreasing the jobs. Brilliant.

    • @dontbefooledbyjumla7869
      @dontbefooledbyjumla7869 2 місяці тому

      Immediate deportation of illegals should be first step. Some of them still here even after 15 yrs after court verdict 😮😮

    • @StephenRoss-po1rp
      @StephenRoss-po1rp 2 місяці тому +4

      Coming from the team that stated the budget will balance itself, what can you expect but the Opposite of what makes sense

    • @forzanerazzurri2339
      @forzanerazzurri2339 2 місяці тому

      The government detests you. Why are you surprised?

    • @momofighter3211
      @momofighter3211 2 місяці тому +1

      All the Trudeau voters fault!!

  • @seunghwanlee4586
    @seunghwanlee4586 2 місяці тому +23

    But PM still wants more temporary foreign worker because of ‘ Labor Shortage ‘ 👏 👏

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому +1

      🤣

    • @mahtabali4256
      @mahtabali4256 2 місяці тому

      Refugees are coming from Ukraine and putting more pressure on job market

    • @forzanerazzurri2339
      @forzanerazzurri2339 2 місяці тому +2

      In addition to two Winnipeg's worth of new citizens. Every. Single. Year.

  • @mentimental
    @mentimental 2 місяці тому +5

    It’s actually 43k private sector jobs lost and 42 government jobs created..

    • @MrPresident101
      @MrPresident101 2 місяці тому

      You beat me to this comment. Lol. "Better than it looks" apparently. Talk about picking and choosing numbers to support their narrative. Probably been instructed to try and make it sound rosy while the ship sinks like the violin players in the Titanic movie.

  • @guigram1124
    @guigram1124 2 місяці тому +38

    The numbers are way worse than this because Canada is losing private sector jobs and creating more public sector jobs

    • @evadeanu1
      @evadeanu1 2 місяці тому +2

      Bureaucracy flourish

  • @420bin7
    @420bin7 2 місяці тому +7

    Loss of 2500 jobs but approximately 34000 immigrants were "welcomed in" not to mention most of Canadian job growth has been in the public sector. So also tax funded jobs no actual productivity.

  • @Madyoke
    @Madyoke 2 місяці тому +4

    A scary thought, as Canada topped out its post Covid recovery and we were battling inflation, much of the new jobs created towards the end were government jobs which are not real jobs being added and are parasitical by nature, I bet none of those jobs lost this month were public sector, scary

  • @gordyt99
    @gordyt99 2 місяці тому +9

    Bank of Canada is praying for the US Fed to implement a 50 basis cut to keep its housing market from tanking when thousands of mortgages are up for renewal.

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому +2

      Too late Depression is coming

    • @StephenRoss-po1rp
      @StephenRoss-po1rp 2 місяці тому

      Explain how we can have a depression well at the same time we have social programs that were created after the depression so we could not have another Depression

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому

      @@StephenRoss-po1rp Inflation and money printing

    • @stevie1748
      @stevie1748 2 місяці тому +1

      @@StephenRoss-po1rp What happens when there is no money for the social programs? Print more money?
      Which will cause more inflation, which will raise interest rates, which will slow the business that gets taxed to pay for social programs.
      Business will lay off more people and the government will tax them more to pay for social programs.
      Soon the workers are homeless and there is no one to tax to pay for the social programs.

  • @dev4statingx90
    @dev4statingx90 2 місяці тому +36

    Thanks Trudeau/liberal voters

    • @fpp2024
      @fpp2024 2 місяці тому +3

      We need a career politician who has never had a real job to lead this country! A man of the people who has spent his whole career defending the same corporations price gouging us. PP for PM yippee!!!!!

    • @MercurySaturn
      @MercurySaturn 2 місяці тому

      @@fpp2024 cutting bureaucratic red tape, balancing budgets, stopping needless immigration, prosecuting criminals; if you object to these things you're a fool. Do your civic duty and DO NOT vote ever again! otherwise your just a useful idiot

    • @dev4statingx90
      @dev4statingx90 2 місяці тому +3

      @@fpp2024 as opposed to?

    • @MercurySaturn
      @MercurySaturn 2 місяці тому +2

      @@fpp2024 Balancing the budget, eliminating bureaucratic red tape, prosecuting criminals, halting needless immigration, cutting oppressive taxes; if you object to these things - Please serve your country by staying out of politics and never vote.

    • @StephenRoss-po1rp
      @StephenRoss-po1rp 2 місяці тому +1

      What you say is correct
      Any career politician should never be trusted on anything
      However, we need the Libs out so lesser of two evils

  • @Futurama10000
    @Futurama10000 2 місяці тому +58

    “Unexpectedly” bro anyone with a real brain knows Canadas in a recession and it’s about to get way worse

    • @davidrockefeller2007
      @davidrockefeller2007 2 місяці тому +1

      My company has let go people and they never let people go

    • @edubmf
      @edubmf 2 місяці тому +2

      BNN is absolute trash

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому

      Exactly = Depression

  • @janicespencer5588
    @janicespencer5588 2 місяці тому +17

    Most canadians can't afford to buy anything. Business in my area have closed their doors.

    • @handzus19
      @handzus19 2 місяці тому +8

      No industries, no lucrative jobs, etc. On top of that, the country has a high cost of living and high taxation. The country also encourages people to do hard drugs like fentanyl. What a nightmare.

    • @siddiqze
      @siddiqze 2 місяці тому

      Where are these Canadians? I still see busy restaurants, busy shopping malls, etc. it may be on credit but I still I do not see which businesses are closed.

  • @EmberPiper
    @EmberPiper 2 місяці тому +25

    Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

    • @OrsiVlad
      @OrsiVlad 2 місяці тому

      Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .

    • @OliviaBeth-mc8dc
      @OliviaBeth-mc8dc 2 місяці тому

      Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies

    • @CecyliaTeodozja
      @CecyliaTeodozja 2 місяці тому

      ​I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet..
      Highly recommended🙌

    • @craigOisin
      @craigOisin 2 місяці тому

      Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people

    • @CaseyAlfie123
      @CaseyAlfie123 2 місяці тому

      I'm also a huge beneficiary of her..
      I thought myself and my family were
      the only ones enjoying Janet
      trade benefits

  • @Stormshfter
    @Stormshfter 2 місяці тому +16

    This is the same guy, who only a few months ago said that Canadian and US interest rates did not need to stay near the same level.
    Now, he says Canada will lower more if the US does.
    None of these economists can be trusted, they are telling you a story in order to make personal gains.
    The same mentallity as Realtors

    • @edubmf
      @edubmf 2 місяці тому +2

      agreed this guy is a complete fool or a liar

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому

      paid shill

    • @timothyirwin8974
      @timothyirwin8974 2 місяці тому +1

      Ninety-eight percent of realtors give the remaining two percent a poor reputation.

  • @keithhannah8695
    @keithhannah8695 2 місяці тому +24

    "You'll own Nothing and you'll be Happy"
    Klaus's minions hard at work

  • @Zizook
    @Zizook 2 місяці тому +8

    I can’t find a job, it’s no surprise

    • @davidrockefeller2007
      @davidrockefeller2007 2 місяці тому +4

      Ya my manager says he’s getting 10x more job applications then 2 years ago

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому

      Canada is bad for jobs, try to start your own business or gig that's the only hope or leave Canada

    • @Zizook
      @Zizook 2 місяці тому +1

      @@davidrockefeller2007 yup, not a fun time being unemployed.

  • @obesia1873
    @obesia1873 2 місяці тому +8

    Yas gawd! 0.50 rate cut in septembre!!!

  • @patricklawrenesy
    @patricklawrenesy 2 місяці тому

    How do you lose jobs and say the labor shortage is big? Can somebody please explain.

  • @SM-tn7rs
    @SM-tn7rs 2 місяці тому +1

    Forget about soft landing already.. we are approaching a cliff rapidly

  • @bongjober9807
    @bongjober9807 2 місяці тому +13

    While the population increased by 120k, they didn't even talk about that, making the job loss way worst then the headline numbers.

  • @luckycharm8888
    @luckycharm8888 2 місяці тому +17

    We lost another 2.8K jobs on the month of July but we are welcoming 500,000 immigrants and 485,000 student visa arrival for year 2024.
    So 1 million arrival on Canada on 2024 to match 2023 arrival. Meanwhile housing growth=zero
    Job growth=negative
    Inflation-Up
    Health care- long queue
    Public Transportation growth=zero
    So Social, Health, Transport, Food infrastructure are stagnant and yet we are adding annual 1 million arrivals in Canada if you use your common sense what it is expected outcome? Housing Crisis! Health Care Crisis! Transportation Crisis! Child Day Care Crisis! Employment Crisis! Then what will be the final outcome if use your common sense? Diversity War???? See people instead of blaming the government will release their frustration on their fellow humanity! Who's fault is it? Big Greedy Businesses and Government!

    • @whathandleUtalkabt
      @whathandleUtalkabt 2 місяці тому

      Immigrants need to practice birth control. Easy to take off clothes and have a good time in the bed for 10 mins.

    • @davidrockefeller2007
      @davidrockefeller2007 2 місяці тому +1

      Oh ya the point about population growth yet there are less jobs. The rest are good as well.

    • @evadeanu1
      @evadeanu1 2 місяці тому

      Exactly

    • @SW-li7gd
      @SW-li7gd 2 місяці тому

      We need immigrants to boost GDP numbers

    • @evadeanu1
      @evadeanu1 2 місяці тому

      @@SW-li7gd really? Did you look at GDP per capita since 2014 till now? Our quality of life is going down the drain. Canada is now a modern third world country.

  • @quixomega
    @quixomega 2 місяці тому +5

    Looks like the recession started June.

    • @argeldelacruz9545
      @argeldelacruz9545 2 місяці тому +1

      Last year you mean

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому +1

      The Recession started two years ago, we are heading into a Depression. When people don't have money for food and shelter it's a Depression.

  • @adam62273
    @adam62273 2 місяці тому +6

    Anyone who didnt see this coming with a giant flashing neon sign needs to touch grass and get out more

  • @qifridek
    @qifridek 2 місяці тому

    When we had the pandemic, it force business to work differently. That's why we had work from home. I'm talking about a shift in mindset. Now with the extreme high interest rate for longer, business shifted into less hiring, force focus on Ai like we forced the Work from home.
    Wer are currently there, huge focus on generativeAi to avoid hiring or replacing headcounts.
    Its something again... Economist always fail to predict. But that's the beauty of it. When you are rich.... High interest is good because you get guaranteed return money 😂

  • @parkerbohnn
    @parkerbohnn 2 місяці тому +5

    Mexico has double digit interest rates and is thriving. Net migration into Mexico is huge. Canada missed the boat on interest rate policy. Zero interest rate policy destroyed Japan and crumbled the banking system in Europe.

    • @davidrockefeller2007
      @davidrockefeller2007 2 місяці тому

      Thought japans demise was the decades of unsustainable growth. Stock market and home prices rocketed to the moon and then it crashed.

    • @edubmf
      @edubmf 2 місяці тому +2

      when you create wealth you can afford to offer a return on that loan (Mexico)
      when you leech off your fellow citizens via rentier activity your return has to be negative by stealing via inflation (Canada)

    • @jeffotoole4509
      @jeffotoole4509 2 місяці тому

      @@edubmfso true.

    • @benhaze1010
      @benhaze1010 2 місяці тому +1

      Interesting to see how 0.25% interest rate in Japan caused mayhem around the world. Keeping rates artificially at or near 0 (let's forget below 0 like Japan did) is never a good thing in the long run.

    • @edubmf
      @edubmf 2 місяці тому

      @@benhaze1010 zero rates lets people who have no clue waste resources because there is no opportunity cost. zirp == national cancer

  • @sc00bs63
    @sc00bs63 2 місяці тому +5

    Can $ going to 60c

  • @parkerbohnn
    @parkerbohnn 2 місяці тому +1

    The 10 year bond yield today in Canada is down a lot less than the 10 year bond yield in America. Down 1.34 percent compared to down 1.56 percent in America. The bond market seems to have taken the Canadian jobs report as good news not bad news.

    • @edubmf
      @edubmf 2 місяці тому

      Canada has to pay a higher rate on loans.
      Loan 10k to your lawyer friend? okay say 5%.
      Loan 10k to a junkie? you want 8%.

  • @zhouyou28
    @zhouyou28 2 місяці тому +11

    Thanks, Trudeau

  • @LoneSamurai_X
    @LoneSamurai_X 2 місяці тому

    Yet we added 100,000+ Uber Drivers/Couriers 🤦🏻‍♂️🤣💀💀💀

  • @ElizabethMoore-k2h
    @ElizabethMoore-k2h 2 місяці тому

    Yes, the dangers are greater, but isn't the current business sector just as risky? The majority of those adopting these tactics are earning substantial gains. What I gather is that rather than long-term trading, instantaneous trading is the preferred method for managing this downturn and rapid expansion.

    • @geraldhoward6351
      @geraldhoward6351 2 місяці тому

      I believe that short-term trading, as opposed to long-term trading, is the best strategy for surviving the current recession and high inflation. Isn't the current market dangerous as well, despite the increased risks involved? Most people who use these strategies achieve significant financial success.

    • @Turner_p
      @Turner_p 2 місяці тому

      Because their entire philosophy is built around employing a high-profit oriented plan while simultaneously trading long and short, as well as decreasing risk exposure as a hedge against inevitable downtrends, I've been consulting an investment coach before making any investment decisions ever since the outbreak of 2020, which had a significant impact on the market. Under performance is almost unthinkable when combined with their access to strange data and analysis.

    • @Taylor_m16
      @Taylor_m16 2 місяці тому

      Would you kindly suggest a professional with a range of investing options? This is quite unusual, and I look forward to hearing from you.

  • @jeffotoole4509
    @jeffotoole4509 2 місяці тому +1

    People only care about one thing. House price go up.
    Adjacent to that is interest rate go down to afford house.
    Canada is so screwed.

  • @BB-vl6jp
    @BB-vl6jp 2 місяці тому

    More full time jobs because people need to work more now with the high cost of living

  • @turbokid99
    @turbokid99 2 місяці тому +6

    This dude is drunk. The US fed hasbr even cut yet & he thinks Canada is going to cut 3 MORE times this year 😂😂. Get real. Canada won’t cut at next meeting

    • @dontbefooledbyjumla7869
      @dontbefooledbyjumla7869 2 місяці тому +2

      Yes they will. The business are going down the drain. And any downside in USA will impact double in Canada.

    • @forzanerazzurri2339
      @forzanerazzurri2339 2 місяці тому

      Yes it will

    • @bailey-k6b
      @bailey-k6b 2 місяці тому

      What rock have you been living under?

    • @gamerstv2444
      @gamerstv2444 2 місяці тому

      Canada my go more than 3 times, Canadian economy is in shambles!! Unemployment skyrocketing!!

  • @as-is89
    @as-is89 2 місяці тому +4

    I was laid off in july

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому +3

      better to leave if you can

    • @as-is89
      @as-is89 2 місяці тому

      @@AL1-x3e3f leave what? canada?

  • @edubmf
    @edubmf 2 місяці тому +1

    > why are they not easing
    this guy is a complete fool - they can't lower below the Fed, debt is for sale in a mkt
    you want to buy 1bn CAD 10y debt at 2% lower than the Fed rate? Didn't think so.

  • @kamenidriss
    @kamenidriss 2 місяці тому +1

    The future has never been brighter for this country

  • @FEDD
    @FEDD 2 місяці тому +2

    Tech has been shedding jobs for 2 years.

  • @tito5428
    @tito5428 2 місяці тому +5

    Rate cuts will make things worse in the long run

  • @notsunnydaysahead
    @notsunnydaysahead 2 місяці тому

    Bring more indians.

  • @ickster23
    @ickster23 2 місяці тому +3

    How many of these full time jobs are taxpayer funded? ie government jobs?

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому +1

      90% 🤣 the private sector has been contracting for the last couple of years

    • @ickster23
      @ickster23 2 місяці тому

      @@AL1-x3e3f Too funny. I remember seeing a stat that at least 1/4 of Canadians have their income tied to some level of government through employment, contracts, grants, or subsidies. That was quite a while ago. We are probably approaching 1/3.

  • @Kym-s2t
    @Kym-s2t 2 місяці тому

    😞😞😞🇨🇦job well done

  • @janicespencer5588
    @janicespencer5588 2 місяці тому +3

    We need Less Politicians, they need to resign. Leaving us with A Conservative Government. Liberals got to go!

  • @edubmf
    @edubmf 2 місяці тому +2

    BMO are in big trouble, this guy is from BMO, his job is to lie to extend the time before BMO tanks.

  • @michaelanderson3096
    @michaelanderson3096 2 місяці тому

    Labour reform in the Province of Ontario: Union dues are optional, tariffs & privatization.

  • @VancouverVince
    @VancouverVince 2 місяці тому

    The soft landing

  • @whathandleUtalkabt
    @whathandleUtalkabt 2 місяці тому

    Lets talk about the numbers of people entering canada to work and live this year. Lets just talk those numbers of bodies entering just in 2024.

  • @JessT-vg7ib
    @JessT-vg7ib 2 місяці тому +1

    More like they got rid of 2800 lazy people.

  • @agodelianshock9422
    @agodelianshock9422 2 місяці тому +1

    Three of those jobs lost since April were mine. Situation is looking grim if things don't pick back up soon. I found temporary work in the meantime but permanent stable jobs are going extinct. After this I can't foresee ever buying a house or even renting in a stable way. It has become abundantly clear that jobs are not something to be relied on for a steady supply of income. How is it that firing people is nearly impossible, but you can call it a "layoff" and do it with zero consequence on a whim?

  • @GavishSethi
    @GavishSethi 2 місяці тому +5

    Trudeau out

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому

      it won't end with him, the whole system is rotten

  • @Unleaded93
    @Unleaded93 2 місяці тому

    Underground miner here laid off, ever since an American company bought in.........

  • @ZulfiqarAli-rf6fp
    @ZulfiqarAli-rf6fp 2 місяці тому

    Smart answer

  • @argeldelacruz9545
    @argeldelacruz9545 2 місяці тому +1

    Oh really!? I’ve been trying to get a second job for a year now!

  • @Icecold0505
    @Icecold0505 2 місяці тому

    🥵

  • @larchdental
    @larchdental 2 місяці тому

    The next one to lose his job is Tiff and JT.
    Cheech and chong.

    • @AL1-x3e3f
      @AL1-x3e3f 2 місяці тому

      right, in this corrupt country? doubt it