Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

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Athabasca Oil Corp > Canada Unemployment Rate numbers out

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Post by smallcaptdr on Sep 09, 2022 10:54am

Canada Unemployment Rate numbers out

The unemployment rate rose to 5.4% from a record low of 4.9% plus we have seen Full-Time employment decrease in Aug so we are now seeing a change in Canada's employment as we are experiencing Canada raising Interest rates which are affecting manufacturers and the Housing market which is now showing signs of weakness plus with Canada raising Interest rate to 3.25% this will affect over-leveraged homeowners who are caring debt on top of credit cards and car loans so a combination of Inflation, debt, slowing economy and job losses this is a toxic combination and a recipe for a recession in Canada so we are looking down the double barrel of North America gun heading into a recession and we all know that a recession will affect Oil demand and prices so be very alert when it comes to buying of any stocks because the length of a day can make one hell of a change to your portfolio.

Full-Time Employment in Canada
Canada Full Time Employment Change