Canadian Unemployment Rate Drops to 7.2% – US Credit Rating Downgraded
Many Canadians are concerned that the US credit downgrade will have an effect on the economic recovery in Canada. Canada seemed well on its way to recovery when it was announced that the Canadian unemployment rate dropped to 7.2 percent in July — the lowest level since December of 2008.
Although there is some uncertainty over how the US credit rating downgrade will affect Alberta movers, some in the business world believe that Canada may benefit from the misfortune of the United States.it is believed that many US businesses may decide to move to Alberta to seek safe refuge from the uncertainty in their homeland. Lower taxes, a lower borrowing rate, and economic security are the reasons that these business professionals give for an increase in US business moving in Alberta.
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