Alright, call me a pessimist if you must, but in fact I'm a pragmatist optimist. What else can I do but pass on warnings from the best in the prognostication business? This time it's our very own Bank of Canada Governor, David Dodge, (how I love his last name - so suitable for how he handles our nation's financial affairs).
His latest crystal ball pronouncement? “The downside risks to Canada from slower U.S. growth in the first half of 2008 are probably greater than we estimated in October,” he told reporters on the sidelines of a meeting of the Bank for International Settlements in Basel, Switzerland.
Eloquently understated, but what would you expect the guy to say, 'we're headed for a kick in the economic groin soon but if I say so you'll all freak out and stop buying consumer goods thus expediting the inevitable slowdown'? Not likely.
Anyhoo, for those with good jobs now might be a good time to review your spending priorities, maybe sock a few bucks away for if the storm moves our way. And job seekers, keep looking as hard and persistently as you can for now. There is still plenty of hiring going on in Canada. I'll try to direct you to some hotspots over the next while, where job creation is hopping.
Meanwhile, happy new year and success to all of you!
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