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Check to ensure your financial foundation is secureconomic changes are occurring make a decision on whether to bail out themake from what is happening in thearound the world at an alarming car companies.world.Erate.Taxpayers came to the rescue to saveThe first is that change will continue toDollarsNow is a good time to consider if your jobs for one of the highest paid employeehappen at a fast and more likely accelerat-&financial foundation is secure.groups on the continent.ed pace.Many Canadians are confident about The feeling was the car companies wereEconomic pressure on governmentsSensetheir future.too big to fail at the height of the globaland companies will force those organiza-We were less affected by the devastating financial panic. tions to look for new and creative ways toBy Peter Watsonworld economic melt-down than many Two years later I do not think theremanage costs.other countries.would be the political will to rescue theEverything can be subject to change.Our government provides many social auto giants.The second conclusion is that even if safety nets and clearly the largest is univer-All of these events affect the workers,change does not affect you directly, theresal medical care.their families and the communities.will likely be indirect impact of change.We are so confident that we freely over-No one is immune.As stated earlier, no one is immune.with that initiative.spend and personal consumer debt levels MChange is not just facing organizedOne pro-active idea to consider is toillions of taxpayers will save money;continue to climb.labour positions. RIM, who makes thestart an emergency fund.however, unionized workers lost theirThe harsh reality is that nothing lasts popular Blackberry cell phones, has declin-Set a little money aside on a regularjobs.forever.ing sales and profitability. basis in order to help prepare you for someNext on Torontos list is the privatiza-Try to anticipate your potential financial RIM is the tech darling of our country.unanticipated financial need.tion of janitorial services in police sta-problems and do what it takes to protect Global competition is fierce and now theyAlternatively you could start to paytions.yourself from them.are in a struggle to continue to be success-down personal debt. In the event of eco-This type of economic transitioning toIf you need motivation then we will ful.nomic hardship you have less flexibility if new lower cost alternatives is definitely aconsider a number of changes that have Any hardship with RIM will affect theyour debt level is too high.trend that will continue.been in the news lately. entire Kitchener-Waterloo area.It is not if change will happen, butA similar economic struggle is going onEconomic changes are occurring in all RIM has been a Canadian success storywhen.in Greece. walks of life.and any reversal of their fortunes couldTry to be ready so you can lessen theIn simple terms, Greece was bankrupt.The recent municipal election saw affect the confidence of our business com-economic hardship that might occur. That means they could not pay their bills. Toronto elect Rob Ford because of his munity. Submitted by Peter Watson, MBA, CFP,Round two of Greeces economic woespromise to cut costs at city hall and stop It has been just a short while sinceR.F.P., CIM, FCSI. In 1991, Peter founded started with their citizens protesting thethe gravy train spending that is paid for Nortel ruled the world and then suddenlyPeter Watson Investments in Oakville.cutbacks that are necessary and thoseby taxpayers.disappeared into Canadian economic his-Peter can be reached at 905-842-2100 orcountries that they need to bail them outHe has privatized some of the citys gar-tory.visit the website at www.peterwatsonin-are insisting on concessions.bage collection and intends to continue There are two conclusions that we canvestments.Canada and the United States had toCARPET ORIENTAL RUGS VINYL HARDWOOD CERAMICS CARPET CPET ORIENTAL RUGS VINYL HARDWOOD CERAMICS presents theALL IN-STOCK AREA RUGS...UP HOT TUBTOPRICE 1/2OR LESS! 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