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March 10, 2010

Canadians save big flying out of U.S. border airports

Continuing a decade-long trend, the number of Canadians visiting the United States dropped sharply in 2009. We actually crossed the border 10 per cent less than we did the year before.

Same-day car trips were off the most, according to Statistics Canada — a 13.3 per cent drop.

But one cross-border travel option continues to grow.

Searching for lower fares and fewer hassles with airport security — because they’re flying domestically inside the U.S. instead of coming from abroad — some 2.5 million Canadian travellers crossed the border to fly out of smaller U.S. airports last year, according to the Canadian Airports Council.

And why not? Fares between U.S. cities can be hundreds of dollars less than flying directly from your local airport, reports USA Today. 

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March 08, 2010

Workplace changes to expect this year

2010 will be marked by several changes in the evolving relationship between those who work and those who pay to have work done, says Tamara Erickson, author of Retire Retirement: Career Strategies for the Boomer Generation.

The approaches companies use to respond to difficult business conditions don't only affect the company, they leave a lasting impression on the workers and their teen-age children, who draw conclusions for their career strategy based on their parents' experience.

In her view, prominent workplace trends throughout 2010 include:

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March 05, 2010

Remaining employees suffer the most after downsizing: report

You can't open a newspaper or scan a web site with seeing another item about corporate layoffs.

And while downsizing is clearly devastating for those being let go, it’s the survivors that often have the worst time of it.

Quite often, the still-employed, who by all rights should be grateful for having jobs, end up resenting their bosses, hampering their performance at the same time.

If people are fired for cause, you can always rationalize that they deserved it. But when it’s an equally qualified peer, the typical result for those left behind is a lot of emotional baggage, including fear, uncertainty, grief, guilt and mistrust.

Workforce experts call it layoff survivor’s syndrome.

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February 24, 2010

Older workers being forced into retirement

What do a 60-something sales executive and a 59-year-old mental health worker have in common?

They’re among the growing legion of unemployed older workers who say the recession has put them on a path toward early retirement. Except, given their cost of living, they’re pretty sure that’s something they can’t afford to do.

Add to that the ambivalence about working for pay at a time when they thought they would be doing something else and you’ve got a major problem, suggests a recent study from Metlife entitled “Buddy, Can You Spare a Job?

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December 04, 2009

Canadians come up short on vacation time: report

The holiday season is coming, but you can probably count on one hand the people you know who’ll be taking more than a few days off this Christmas.

The number would be much higher if you had friends from, say, Japan though. There workers enjoy 44 days paid vacation each year, the most generous entitlement out of all the countries surveyed by human resource consulting firm Mercer.

At 31 days a year, Canada is bringing up the rear, ahead of only Australia at 30 days, and the United States at 28, the Globe and Mail reports.

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November 20, 2009

Misconceptions over family-work conflict hurting women


That thud you may have heard recently is the sound of women continuing to hit their heads on that invisible glass ceiling, according to recent research from the University of Illinois.

One key factor: Too many managers, regardless of gender, believe women have more family-work conflict than men

And this belief, mistaken though it is, leads supervisors to take a negative view of female employees' suitability for promotion and salary increases, maintains Jenny Hoobler, the professor who headed up the study.

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November 02, 2009

Work-related stress on the rise: report

Lost work time productivity because of depression and substance abuse in Canada is now estimated at $51 billion a year, says Bill Wilkerson, head of the Global Business and Economic Roundtable on Addiction and Mental Health.

But even in a high-stress jobs like policing, the job itself is not the major source of stress, it’s “usually what is going on in the office,” he says.

The biggest source of workplace worries? Boredom, repetition, ludicrous deadlines, layoffs, restructuring, unsafe work environments, sexual harassment, and difficult personality types can all contribute to higher levels of stress.

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October 30, 2009

When lay offs become permanent


Whether it starts with wage rollbacks, reduced workweeks or unpaid leaves of absence, being laid off is hard.

But being told you’re being downsized, when you’re really being fired, is much worse,

Too often, employers – either because it has a better ring to it, reduces the emotional pain, or implies that the decision actually had little to do with any one individual – prefer to characterize job loss as a lay off. 

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October 02, 2009

Employers stealing from low wage workers: study

With a recession that’s seen thousands of workers replace well-paying jobs with ones at or near minimum wage, is it time to boost minimum wage rates? 

According to the Canadian Centre for Policy Alternatives, roughly 5 per cent of Canadians works for minimum wage or less. But a great many more work for only a few cents more than the minimum, CCPA maintains.

And, students aside, most of these are displaced adults trying to support their families, or older workers looking to supplement their pension.

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September 30, 2009

Job hunters look for help

The recent increase in online job postings may mean that the worst of the recession is behind us, says the Conference Board of Canada.

The Board’s help wanted index, which measures the number of new jobs posted online, jumped in every province except PEI last month. It had dropped nearly 30 per cent over the past year as the number of new online job postings plunged during the recession.

That would be the good news.

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September 16, 2009

Take a pay cut to land a job?

All told, some 1.5-million people are unemployed right now, and roughly 20% of them have been out of work for six months or longer, according to Stats Canada.

Between the increase in job seekers and the reduction in the number of positions available, competition for even the least desirable jobs has become much steeper.

And it seems that many of these job seekers are willing to accept as little as half of what they were making before, as long as it gets them in the door. 

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo), canoe.ca, AOL.ca, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...