Granted, a low-quality job is better than no job, but the headline employment figures exaggerate the real strength of the Canadian labor market.
More Quotes from Benjamin Tal:
Canadians of all age groups are not saving enough actively by putting money aside for a rainy day. How much savings is enough is a matter for debate, but most Canadian households would likely benefit from building a little nest egg.Benjamin Tal
People see what happened in Louisiana, and all the people over there that the government was not able to take care of.
Benjamin Tal
Even though all the jobs created in Canada in 2005 were full-time jobs, we need to look beyond the part-time versus full-time distribution because not all full-time jobs are created equal - some of them are low-paying and low-stability jobs.
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Economic fundamentals are still strong so the Bank of Canada may need to continue lifting its interest rate. We see strengthening of the Canadian dollar.
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Look for manufacturing employment to continue to decline in the coming quarters -- a clear negative for overall employment quality.
Benjamin Tal
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