financial crisis in two decades, presenting monumental challenges to those who are now trying to buy a house.Hundred of thousands of Canadians lost their jobs because of the novel coronavirus pandemic and last week the new governor of the Bank of Canada said some of those jobs won’t come back, echoing the 2008 financial crisis.Millennials — people between the ages of 20 and 40 — are at a critical time in their financial development, said Moshe Lander, an economist at Concordia University.
Canada’s unemployment rate reaches record 13.7% Lander says it can take years for someone to recover the income they lost in the early stages of their career.“You really could be talking about almost like half of your working life to just try to make.