I can see the economic downturn from here
- Globe and Mail, Canada
'It won't break my heart to see things slow down a bit,' said Mr. Gardiner, 50, who has three recessions and 30 years as a crane operator under his belt. He's spent the last eight of those years erecting four high-rise condos at the sprawling Concord CityPlace site at the foot of Spadina Avenue. And there's more work ahead from the same developer, a Chinese investor rumoured to have enough cash to negate any need for hard-to-get credit.
The view is not so sunny at the International Brotherhood of Electrical Workers Local 353 hall on Lawrence Avenue East, where the slowdown is becoming apparent in the length of the list of out-of-work members.
At the end of September, there were 150 journeyman electricians looking for work; this week, there were 450, said Joe Fashion, the local's business manager.