How is our economy? (unemployment, closing, incomes)

[mtlquebec102]

Can anyone explain what's going on in Montreal with all these businesses closing down? There's a dollar store near me that closed, a Tim Hortons that closed in another area and now there's a Zellers store that's going to close down soon.

Is it a bad economy here in Montreal and/or around Canada? Or is it just a coincidence and it's normal for some businesses to shut down. I'll be looking for a part-time job soon and it's kind of worrying with these places closing.

[architext]

where do you live

[thedwightguy]

your post is talking about low end consumer goods: zellers and a dollar store. (with all respect: who cares?)There is a rather overdue consolidation in the low end consumer stores that even T. Hortons had in the planning three years ago.
Here in Vancouver T. Hortons has horendous competition; I was in Ottawa and it looked like the only game in donut town. (or the only donut game in town?) Montreal? Do not know. But that is a sophisticated market: give me M. smoked meat sandwiches instead, s'il vous plait.
And the sooner we learn to stay away from the plastic, short life term crap from overseas the better.

There is already a pattern among the twenty-somethings with double incomes that are engaged in saving, planning their leisure time smartly, walking that dog in the evening from that famous movie, and packing up and even selling that leisure screen "VD" and only turning that computer on every second evening. Now all they have to do is "forget" the cell phone when they go out.

I'm actually seeing the twenty-somethings "spooning" on the ride home. My god, have those young'ns no shame?

In fifty years they may actually still be married

[Acajack]

Originally Posted by mtlquebec102

Can anyone explain what's going on in Montreal with all these businesses closing down? There's a dollar store near me that closed, a Tim Hortons that closed in another area and now there's a Zellers store that's going to close down soon.

Is it a bad economy here in Montreal and/or around Canada? Or is it just a coincidence and it's normal for some businesses to shut down. I'll be looking for a part-time job soon and it's kind of worrying with these places closing.

Well, there is something called the worldwide Great Recession that has been going on for the past two years or so. By most people's assessment Montreal, Quebec and Canada got off pretty easy.

There aren't any large housing developments completely abandoned, cities shutting off street lights to save money and unemployment here is still below 10%.

If you look elsewhere, especially much of the States, it is a lot worse.