Canadians losing faith in economic ’miracle’

Factory worker Nelson Claros has little time for talk of the Canadian economic miracle.

The 50-year-old was laid off last year from his job of 22 years at a bus-assembly plant northwest of Toronto, and has since applied for 130 jobs. His best offer: A job at US$12 (HK$93) an hour, half his previous wage and not enough to pay his bills.

“Really there is a recession right now. They don’t call it a recession, but the companies are closing, there are a lot of layoffs. How can this be a miracle economy?” he asked.

via Business feed http://www.scmp.com/business/economy/article/1217393/canadians-losing-faith-economic-miracle