It's been a while since updating my blog. This was due in part to some major changes in life. The recession is taking a toll on Canadians from coast to coast.
Xstrata in Sudbury, laid off 686 workers which will definitely hurt our economy. I can't help but feel terrible for those workers and their families especially the sole income ones. These are some of the hardest working guys (and gals) you will ever meet.
GM announced they are laying off 10,000 workers as well.
2009 is not going to be pretty.
My hours have been cut back as well. After a lot of thought, Sharon and I decided that it would be best to sell the rental property while the market was decent. The sale took place in March of 2008. Since that time the value of property continues to decline and we didn't make much of a profit.
This means very little to me though when I think about the families who might lose their homes due to economic hardships. There are some people who might not be able to keep their only home, while we were fortunate enough to own two of them.
I've since decided to volunteer at the soup kitchen and we make regular contributions to the food bank. If we can help out anyone less fortunate, then we'll do so.
Sharon recently hired a woman whose husband was laid off at Xstrata. While it's only for six months, that money will help put food on her table.
There are no winners in this recession and nobody is better than anyone else. Let's hope that this economy gets back on track.
