Federal Debt Population Debt load per capita
USA $ 12,434,500,000,000 308,605,000 $ 40,300
Canada $ 463,710,000,000 33,988,000 $ 13,643
I listen to the business news and check my Retirement Savings Plans once a week.
(So as not to be obsessed by it all...LOL)
I'm almost back with my investments to the place where I was before the 'crash'.
The Toronto Star says I can sell my house here ($250,000) and buy 3 of the same size and age in Florida or AridZona.
They also say you can find good renters easily to pay off the mortgages. I'm just neither that entrepreneurial nor daring to take the plunge.
All indications here are that we are really 'going' again. When unemployment hits 6 percent or less I'll believe that.
And I've no debts, just the health issues.
As far as the US recovery goes, their dollar keeps going down so in essence that's very good for manufacturing, and the money the other countries hold is worth less so in effect they owe less. That's good for them. The Canadian and American dollar are headed for par sometime next week, it opened this morning at 99 cents can equals $1.00 us.
A large call centre downtown with 400 employess was doing work for an American Bank. The United Steelworkers ran an organizing drive and before they were done all 400 had lay off slips. They were paying $13.50 an hour plus benefits.
My son works in a centre 2 stories up from there. He does calls for cars that break down, BMW, Mini, Audi, Porsche, Lamborghini's... but they need people who speak french. He gets 15.50 an hour, extra for being bi-lingual. He also takes on line loan apps for CitiBank in the US. I warned him about the union thing though, the other company just switched the business to India instead of Canada.
Like how Wall Mart closed a Quebec store after the union got voted in.