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Unread postPosted: November 26th, 2019, 10:55 am 
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It's good both sides could reach a settlement. It's terrible when Ottawa forces them back to work.

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Unread postPosted: November 26th, 2019, 2:21 pm 
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Joined: October 13th, 2019, 6:54 pm
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seoulbro wrote:
Teamsters say they have reached a tentative deal with CN, work set to resume

MONTREAL — Teamsters Canada says it has reached a tentative agreement with Canadian National Railway Co. to renew the collective agreement for over 3,000 conductors, trainpersons and yard workers.

The union said normal operations at CN will resume Wednesday at 6 a.m. local time across Canada.
https://www.msn.com/en-ca/news/canada/t ... ailsignout

This terrific news.

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Unread postPosted: January 3rd, 2020, 6:46 pm 
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Joined: November 17th, 2012, 4:01 pm
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Insolvencies in Canada now as high as during the financial crisis: Report

Personal insolvencies become more common when interest rates rise. In Canada, people are filing for insolvency at a higher rate than usual. According to The Toronto Star, experts are saying that we haven’t had this many instances since the financial crisis in 2008-09.

“If a household is living paycheque to paycheque and there’s a significant rise in interest rates, more of them will be pushed over the edge.” According to BDO, the number of Canadians living paycheque to paycheque is 50 percent.

He also noted, “People aren’t saving. They don’t have any savings. So when there’s a crisis, they put it on credit, and they end up getting into trouble.”

“They usually understand what’s caused the problems. But nobody plans to lose their job, or to get divorced.”

Bolduc also thinks that a higher number of self employed Canadians is a contributing factor in the growing amount of insolvencies.
https://www.thepostmillennial.com/insol ... is-report/

This is cause for concern. But, it is to be expected in a country with such high consumer debt and few good paying jobs.

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Unread postPosted: January 3rd, 2020, 7:28 pm 
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Joined: October 13th, 2019, 6:54 pm
Posts: 2031
seoulbro wrote:
Insolvencies in Canada now as high as during the financial crisis: Report

Personal insolvencies become more common when interest rates rise. In Canada, people are filing for insolvency at a higher rate than usual. According to The Toronto Star, experts are saying that we haven’t had this many instances since the financial crisis in 2008-09.

“If a household is living paycheque to paycheque and there’s a significant rise in interest rates, more of them will be pushed over the edge.” According to BDO, the number of Canadians living paycheque to paycheque is 50 percent.

He also noted, “People aren’t saving. They don’t have any savings. So when there’s a crisis, they put it on credit, and they end up getting into trouble.”

“They usually understand what’s caused the problems. But nobody plans to lose their job, or to get divorced.”

Bolduc also thinks that a higher number of self employed Canadians is a contributing factor in the growing amount of insolvencies.
https://www.thepostmillennial.com/insol ... is-report/

This is cause for concern. But, it is to be expected in a country with such high consumer debt and few good paying jobs.

I know so many people who are living well beyond their means.


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