EI Claims Up Big Time
EI Claims Climbing
Stats Canada rolled out some interesting information about EI (employment insurance) claims yesterday:
In December, 538,200 Canadians received regular Employment Insurance (EI) benefits, up 25,000 or 4.9% from November, after seasonal adjustment.
The number of Canadians receiving regular EI benefits rose by 79,100 between December 2007 and December 2008, a 16.6% increase. The number of men receiving benefits went up 21.7% while for women the number increased by 8.6%
So in 1 month the number of claimants jumps by almost 5% and year over year it just almost 17%, which is very worrisome (especially for those of us unemployed). Given the period for claiming EI has been extended, this might mean a larger drain on the EI fund, which has previously been a “cash cow” for the government to draw from.
TSX a Bargoon?
If you are looking at buying into the market is now the time to dive in? Not sure what part of the index you might buy, or maybe buy the whole thing in an Index Fund (or maybe an ETF too?).
Don’t know, but here is an interesting graph to look at:
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Neat eh? Easy to see that we are back to 2002 (like I mentioned yesterday). Just something else to keep in mind.
R-r-roll Up The Rim and Buy?
Tim Horton’s was always an interesting investment idea, but I still can’t see growth, but every year when the Roll Up the Rim to win season rolls in I see the herds of Canadians buying their coffee at the Mecca for Cheap Java North of the Border.
Will I be buying Tim Horton’s stock? No, I think I am moving away from investing directly in stocks and moving back to a more passive investing technique.
Happy Ash Wednesday
Lent has begun folks, and now is the time to start your Lenten Financial journey, and to maybe drop by your Church and enjoy their Ash Wednesday service as well.
Your journey begins today.
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February 25th, 2009 at 11:17 AM
I have also been watching THI for a while now, but I agree i just dnt see a lot of growth right now, I want to see some progress in the US, I always by timmmis so might as well own the company.
but apparently they do have a lot of growth room in Quebec and the west coast like Alberta.
February 26th, 2009 at 11:14 PM
[...] Big Cajun Man notes that EI claims are way up. [...]