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What correlation are you seeing between employment rate, free healthcare, and paying more taxes. The United States had an unemployment rate about 4.5% a few years ago, yet same could be said about healthcare and paying more taxes.
It would seem that our socialist neighbors in the great white north are doing a lot better than us. Their unemployment rate is 7.4 and ours is 9.2. (Theirs is very very bad and ours is outrageous under Obama. They have us and therefore have no need of an army.)
How can that be when they pay more taxes as a percentage of GNP and they have free healthcare? There is no free healthcare. They pay taxes in work, purchases and on top of gas to pay for it. Have a cousin living there and he explained it to me. Two medical systems, the soviet styled on and the cash one.
Canada did not have a President who said everyone gets a home. They do not have the greedy Dodd, Frank, Pelosi etc etc. They do not have a Bill Clinton who deregulates banks such as the Glass Steagall act . Then lie about there being no problem when it is brought to attention numerous times.
Whats Canadas secret????????
We have clung to the quaint notion that banks should be regulated and that one should have income in order to buy a house.
Canadians have learned from our mistakes. We’ve been where you are. Once upon a time we elected (and elected, and elected, and elected) a prime minister named Pierre Trudeau. He was terribly attractive, charismatic, and arrogant. He made us internationally beloved – well, by our standards. People actually knew who we were, which was nice for a change. He revelled in all that was trendy, seemingly enjoying the company of dictators over democrats. And he placed our economy on a handcart headed straight for hell.
So, a final tip for you: Elect somebody boring. On May 2, we gave Prime Minister Stephen Harper and his Conservative Party a majority in the House of Commons (after giving him minority mandates in 2006 and 2008). A Star Trek geek in his youth, Mr. Harper is often compared to Mr. Spock. But as Barack Obama struggles with an existential debt crisis and controversial healthcare reform, waffles in his support of Israel and goes on worldwide apology tours, Harper has avoided pushing for dramatic changes to our social safety net (attracting Canada‘s many middle-of-the-road voters), has put pragmatism ahead of ideology where fiscal matters are concerned (with an odd mix of targeted tax breaks and increased spending), and remains a principled defender of Western values on the world stage.
Another factor: The housing bubble hasn't burst in Canada yet.
Do some Googling, and check out the house prices in Vancouver and Toronto. They're still somewhat inflated in other Canadian cities too. Vancouver is the craziest, though. There are still condos going up everywhere. Once the housing bubble bursts, whenever it happens, there will be lost jobs in construction, RE sales, etc. just like stateside.
Beyond the unemployment rate... Canada's deficit isn't in nearly the same alarming territory as the US version.
I find it ironic that someone thinks another country is doing better because of slightly better numbers in specific areas... I suppose one could say Canada also has great weather if that person loves cold yearlong weather...
Another factor: The housing bubble hasn't burst in Canada yet.
Do some Googling, and check out the house prices in Vancouver and Toronto. They're still somewhat inflated in other Canadian cities too. Vancouver is the craziest, though. There are still condos going up everywhere. Once the housing bubble bursts, whenever it happens, there will be lost jobs in construction, RE sales, etc. just like stateside.
Beyond the unemployment rate... Canada's deficit isn't in nearly the same alarming territory as the US version.
True. There's definitely a bubble in the making in Vancouver, Toronto and probably Calgary. Quebec is still safe, though.
But Canadians are piling on debt, though. Household debt has reached record highs recently and keeps on increasing (credit is flowing) while Americans are getting leaner thanks to the recession.
You are all wrong. Canadians are more financially conservative., Home buying always has recourse, and the Toronto exchange is not filled with greedy Big Bankers. Foreclosure's are rare, and the economy is not in the tank....like their irresponsible neighbors to the South.Banking rules favor the people as a whole, everyone has health care.....We could go on and on, including the WARS the US while on their nation Building...makes me sick !
Tar Sands, educated population, businesses don't have to pay for health care benefits
Very good point That Ottawa One, but is it really a bubble? It is hard to call a rapid increase in housing prices anything other than a bubble since it is such a non-productive asset, but I would assume the population of Canada's world cities are all still growing at a rapid pace.
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