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I immigrated to Canada in 2010, and here are my experiences inside and outside Canada. I am grateful for a good education; having a Canadian passport opened up many opportunities in other countries to build a higher-level career. However, if I had known the amount of stress, health, and financial damage that I had to endure, I wouldn't have chosen to come to Canada. I would have remained in the US or EU countries where I could achieve even more without suffering to the level I did here. \n\nMisleading immigration promotion: The government-sponsored Canadian immigration program oversells what Canada can offer. It withholds information on the cost of living, chicken-and-egg problems like Canadian work experience is required to get a job at the same level as you are in, Canadian credit history is required to rent a proper apartment, Canadian education is required to secure a high-level job, etc. \n\nHiring process: I knew the Canadian system was not ideal for immigrants over a decade ago, but it got so bad now that even the born citizens are unable to survive. The Canadian government and employers lack a basic understanding that ambitious, high-achieving people immigrate to other countries for high-level positions using proper channels. It's ridiculous to see that Canada uses a point-based system to choose highly qualified personnel to enter their country yet expects them to pursue low-paying entry-level or labor jobs just because they have brown/black skin. At first, I thought having a Canadian degree and experience might help me get high-level jobs, and I didn't think how I spoke or looked would matter when I had high credentials to show off. So, I got my masters & Ph.D. from the Univesity of Toronto, which consistently ranks #1 in Canada. I have a bachelor's from a prestigious university in Asia and had a high-competitive, well-paid federal government job in another country. Still, none of that was recognized in Canada, and I had to volunteer for over 6 months, 10 to 12 hours/day, in a research lab that led to a funded PhD program. I worked even harder during my Ph.D. with many accomplishments, like 40+ research and leadership awards, internationally recognized scientific discoveries, and innovative technologies. I checked all the above and beyond in various domains (research, teaching, leadership, business, engineering consulting, collaborations, etc.). Yet, employers couldn't see past my race, gender, age, etc., and refused to give me the opportunity at the level of my qualifications. Luckily, I managed to secure short-term work in the UK & the US, and it changed even how I see myself. I was highly respected for my credentials, given higher positions than I applied for, and paid 3-4 times more salary and benefits. Of course, bias is an integral part of every society, but my race, gender, age, etc., were not as big of an issue to begin my career at the mid-career stage in these countries as opposed to Canada. \n\nHealthcare: Access to healthcare was another big challenge for me. When I moved to Canada in 2010, due to extremely low temperatures, I developed hives all over my body, my eyes got red, and I coughed for many months. The doctor said there was nothing wrong with me and refused to give me any medication. It took us years to get a family doctor, and we got one through my personal network. In 2015/2016, I developed an autoimmune disease, and my eyeballs popped out. As of today, I did not get to see an eye specialist as they have only 1 specialist in the area, and the waiting time is for years for the first consultation. Every time the family doctor told me that I had iron deficiency, even when I insisted that they should run additional tests and they cleared, they were flagged. The doctor never diagnosed my autoimmune condition. Luckily, during my short-term work in the UK, I saw competent interns who completed my care. NHS is poorer than the medical system in Canada... they are understaffed, don't have hospital beds after surgery, or don't have stock of paper gowns, yet the staff are highly competent and caring. Within 1-2 years, they did complete diagnosis by sending me to various specialists, completed eye surgery, and even found a lifelong condition that was preventing me from realizing my full potential. Following, in the US, the doctors confirmed the diagnosis of all the conditions within 1-2 months and put me on two small pills for life. It has dramatically changed my life, and I have even more admiration for the medical profession. While in Canada, I suffered for over a decade, and every time, I was treated as a hypochondriac and never given a single prescription. \n\nQuality of life: Big cities like Toronto are mainly affected by high crime rates, overpopulation, cost of living, low employment, low salaries, etc. A few months back, there was a huge auto theft, and one of my contacts lost their Lexus car within minutes of parking. Despite being a scientist, I have no faith in politicians or individuals fixing these problems. The salaries are not increasing, but the taxes and cost of living are on the exponential growth curve. The ridiculous part is that Canada expects you to pay taxes even when you are not employed or living in Canada! I lived in London and Boston, and they offer a much higher quality of life and pay. \n\nGrowth potential: No wonder Canada, being a G7 country, falls at the bottom of the list in innovation, equal opportunities, economic growth, etc. It has a decent education system but, due to its inherent bias in the hiring process and monopoly of certain businesses, loses talented immigrants and highly qualified Canadians to the US, the UK, and EU markets. Unless there is a dramatic shift in policies, Canadians, especially new immigrants, cannot expect any positive experience in Canada except for being discriminated against and losing valuable time and money by being there.

High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

Boomers inflated the market housing and stocks for a good retirement ?

Hemant sha stock market batao

Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S& 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2023

Everyone's experience is different. I've lived in America for many years, I have masters degree and a good job. I've managed to build several high end apartments in Kenya, buy a house here and invest in the stock market and fund a retirement account. Same applies to my brother and sister. You can make it here and you can make it anywhere in the world. He shouldn't generalize.

be prepared for 20 years of slavery REAL SLAVERY before we can re-sustain economy with robots..... hyper inflation economic great depression x5... its coming they are purposefully orchestrating it also.... this mass immigration is insanely bad for americans and canadians the fact still nothings being done about it shows..... they dont care... if they can short stocks betting will go down they will..... if they can cause housing crisis like never before to keep their housing market from collapsing the billionaires 1000 propertys then they will

The economy is stagnant all over the world. Production is important in every field. Interest, stock market and crypto money do not exist in Islam. We earn by producing in the free market. If there is no competition, a monopoly will form. Products will become more expensive. Greetings from Turkey.

Very nicely explained..but last mein financial knowledge thodi galat hai..stock market Har Saal 15% return nahi deta...capital doob bhi jaati hai?

The news about Canada's economy collapse is not new. the media are currently being inundated with the news of economic meltdown. It takes a lot to look past the sea of ​​headlines and focus on what's important: No matter how low stock prices fall, they keep rising. I completely ignore all news and continue to invest. I recently set aside $40,000 to invest in the market as we anticipate a collapse. Do you have any suggestions?

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

Next the stock market will crash.

According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

USA poor leadership policies is detrimentally causing an extreme BANKRUPTCY economic nightmarish outcome of future proportions we just can’t recover? America can’t sustain this debt ceiling already CRIPPLING our financial structure with devastation and catastrophic liability which future generational millennials won’t be also be capable to balance any government BUDGETS after inheriting Biden’s Presidential economic policy BLUNDERS affecting Corporate Entities insolvency, stock market dismal predictions, real estate meltdown, and inflation & recession quadruple the size of Great Depression!! GOD HELP US

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??

This is New York City’s fault not the people but the stock market. If they were giving favorable stock tips rather than setting up people for failure cause some of them died and those stock brokers have to see the mothers they set up the Hispanic and latinx for failure.

For all the talked about housing market problems in China we have our own distortions in our Canadian market that are dragging us down to. I sold my home 6 years ago (75% paid off) and left for an overseas work experience. When I came back ,my nest egg, even with a little stock market growth would never allow me to purchase the equivalent of what I had. While I was gone prices had gone up well over 50%. To acquire another home would be like starting all over from graduation. Homes should be for living in!

I left China to avoid a brewing housing crisis and ironically I now live in Canada ?. I have seen first hand how a blind government can be overly dependent on real estate because it does generate a huge revenue in the short term. But most short sighted politicians failed to understand that the housing market is similar to the stock market, the value of houses can rise but it's just a bubble. When the bubble is so large that the hard working people who produce everything the society needs cannot even afford a roof over their head, then the shit is really about to hit the fan.

Canada needs to put crazy amount of tax for owning a second+ properties for individuals and corporations in a way that it is no longer worth to purchase real estate for investment. You'll see how quickly people will start investing in businesses, stock market, etc quickly

igor see you soon LoL. How about stock market investing in Canada, is it ok?

You started the video with an opinion not a fact. You can In fact gain wealth here. You have access to RRSPs and tax Free Savings accounts to help with Taxea for people earning over 6 figures. No one has tries to take your money, the policies are clear as day. You also have access to the Canadian stock market where they will allow you to keep 50% of your excess and tax the other 50%. Your statement needs way more context and a broader discussion. Stil love the video but we need to state all the facts. Also the mentality of me paying taxes and taking care of people is what causes my home country on Jamaica to be in trouble. Your little tax money ain't taking care of anyone. There are over 23 million people here trust me we are giving cents to initiatives in Canada. Quality of life, Security, Health Care, Children Support, Old Age Pension, access to great jobs if you are will to put in the work and start over. Again we can't come here and expect to just fall in. You just joined a line of thousands of people in your career field who have been fighting to get great job opportunities. You have to fight and you will be okay. Or do what many people did and change your career and you can have a special life here. Obviously nothing is better than home

Anything Made In China by CCP group are fake products. All CCP group stock market book keeping are making fake. U.S. let the evil enter stock market because of corruption. (Who's let CCP group enter U.S. stock exchange market without book keeping monitor???) Not make sense