Cheap gas, solid hiring and a strong housing market help Canadians weather the financial storm.
A recent spate of frightening economic headlines paints a dire picture of the economy, but an examination of some basic gauges of Canadians' financial health demonstrates it's not all doom and gloom.
TSX, Dow charge higher as market gloom over China dissipates
Oil climbs above $42 US a barrel after stocks rebound
Students, those approaching retirement more vulnerable to market swings
News of plummeting oil prices, the struggling stock market and a loonie that recently dipped below the 75-cent US level for the first time in more than a decade have Canadians on edge and fearful for their their futures, as economists debate whether this country is in a recession.
But already, things are looking up. The North American and global stock markets surged on Thursday, oil rebounded to above $42 US a barrel and the Canadian dollar recovered to above the 75-cent line.
While the effects of the economic downtown on Canadians should not be downplayed, there are plenty of reasons not to panic — hiring remains steady, home values are up, gas prices are down, people are generally managing their debt responsibly and most Canadians have nice nest eggs of savings and investments.
Get the rest of the reality here:http://www.cbc.ca/m/news/business/canada-s-economy-5-reasons-not-to-panic-1.3205652
A recent spate of frightening economic headlines paints a dire picture of the economy, but an examination of some basic gauges of Canadians' financial health demonstrates it's not all doom and gloom.
TSX, Dow charge higher as market gloom over China dissipates
Oil climbs above $42 US a barrel after stocks rebound
Students, those approaching retirement more vulnerable to market swings
News of plummeting oil prices, the struggling stock market and a loonie that recently dipped below the 75-cent US level for the first time in more than a decade have Canadians on edge and fearful for their their futures, as economists debate whether this country is in a recession.
But already, things are looking up. The North American and global stock markets surged on Thursday, oil rebounded to above $42 US a barrel and the Canadian dollar recovered to above the 75-cent line.
While the effects of the economic downtown on Canadians should not be downplayed, there are plenty of reasons not to panic — hiring remains steady, home values are up, gas prices are down, people are generally managing their debt responsibly and most Canadians have nice nest eggs of savings and investments.
Get the rest of the reality here:http://www.cbc.ca/m/news/business/canada-s-economy-5-reasons-not-to-panic-1.3205652
