The Great Canadian Recession of 08, 09,

  Yes we are, as a county, going to feel the affects of the American economic melt down. Manufacturing jobs will be lost. Unemployment will, nationally, start to go up. Housing Markets in Canada as a whole will slow… see the trend hear. “Canada” will have some hard economic trials… but Saskatchewan might benefit. Let’s be honest… we as a province are so busy right now we could loose 20 % of our jobs and still not fill the void in our trades, mining and service industries. I have friends in the Trade and construction business that are booked through until fall of 2009. As for our housing market… lets again be honest, it’s over priced… but still one of the cheapest places to live in the country… So lets due some grade 5 math… The country is looking for work (+) we as a province are still hiring (-) the fact that our houses are still the cheapest to buy in Canada (=) the weathering of a financial crisis. By 2009 when we start to run out of people to sell our potash and oil and power and gas too… things will be back to normal.

 Note: Things will be fine as long as you were not on of the foolishly who took all the equity out of your over priced house to buy a Yacht to sale on Long Lake…. When the bubble bursts hope your boat is comfortable and big enough to live on.