share views on "CANADA OFFICIAL RECESSION"

[Kartik.career9]

I have seen below news yesterday in almost all international channels. This recession how much effects students life in Canada/education/part time jobs etc. Please share your views

http://news.yahoo.com/canada-officially-recession-first-half-2015-131114485.html

 

[kartz]

if you notice the article it only talks about oil and gas sector. So, yes the oil and gas sector is facing problems. Close to 20,000 jobs were lost. But its only for that domain/sector. Domains like IT, Manufacturing, aerospace, agriculture processing are as good as normal. So right now oil sector is facing issues because of the fall in oil prices. Middle East is the largest supplier of oil across the world. When the prices fell all oil sector organisations faced a tough time. This has impacted only Alberta province, there are only oil industries in this province. SO this province is heading towards a partial recession until oil prices stabilize.

canadian economy is not completely dependent on oil, TOronto, Vancouver, Montreal have several jobs in automobiles, aerospace, manufacturing, IT domains. You need not worry about jobs.

To detail more: From what i have read on articles regarding Alberta's recession. There are some people who have proposed that there is a conspiracy theory behind the fall. The theory is:

Alberta is so rich in oil that it is a great source for USA. Being its neighbor USA wants to conquer or take over Alberta province from Canada jsut like Alaska. Hence the artificial recession has been created by USA. But this is still a conspiracy theory, no official moves have been made by USA to take over. USA's economy depends on oil so its up to you on how you see this.

From what i know all other domains like manufacturing, construction, IT, Finance all domains are stable and running good.

Bottom line: Things will change, Oil sector is only facing recession so choose your course, province accordingly.

 

[mead]

Well yes there is recession. there is going to be problems in every sector if oil prices dont go up soon. the people who r laid off due to oil crises will flood the market and cause problems in other sectors. supporting businesses that provide services to oil sector will be affected too. they are already shutting down plants in ontario which were providing materials etc to alberta oil sector. so dont close ur eyes saying its just oil sector thats going to be affected we are all safe. Lots of people I know have lost jobs who were not in oil sector due to this oil crises. 6 months ago oil sector people started getting laid off not banks , manufacturing etc are laying people off.

 

[kartz]

I am not living in canada so i can only depend on what is reported to the world. But i have one question if jobs are getting less or lay offs are high. I wish to know on what basis the express entry visa works? There are so many people applying and getting into canada with a PR visa, just to get a job. Also, this LMIA, job posts etc. are these a grand plan to attract people to canada?

Is it really difficult to land jobs through an express entry as well?

 

[mead]

I am not living in canada so i can only depend on what is reported to the world. But i have one question if jobs are getting less or lay offs are high. I wish to know on what basis the express entry visa works? There are so many people applying and getting into canada with a PR visa, just to get a job. Also, this LMIA, job posts etc. are these a grand plan to attract people to canada?

Is it really difficult to land jobs through an express entry as well?

understandable once u get here u will see .
express entry is check/step before PR. express entry didnt change PR requirements but it just put a control tap on PR. what express entry does is give applicants point for various attributes like language skills , age, experience and the all the candidates are put into a pool/queue for PR . Then minister selects top candidates from the pool/queue based on points . so basically we r all competing against each other once we r in the pool. now if u have LMIA based job u jump the queue by getting additional 600 points. express entry does not give u jobs but it just gives u invitation to apply for PR.