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Category: Economy (Page 3 of 7)

The Economist names Vienna the world’s most liveable city for 2023, while Vancouver, Calgary, and Toronto remain in the top 10

Vienna has retained its crown as the world’s most liveable city, according to Economist’s annual index.

The 2023 Global Liveability Index quantifies the challenges presented to an individual’s lifestyle and standard of living in 173 cities worldwide. The 2023 Economist Intelligence Unit’s annual ranking has also included three Canadian cities among the worlds top 10 most liveable. Australia and Switzerland each have 2 entries. Denmark, Japan, and New Zealand each had one city in the top rankings.

1. Vienna 🇦🇹
2. Copenhagen 🇩🇰
3. Melbourne 🇦🇺
4. Sydney 🇦🇺
5. Vancouver 🇨🇦
6. Zurich 🇨🇭
7. Calgary 🇨🇦 (tie)
7. Geneva 🇨🇭 (tie)
9. Toronto 🇨🇦
10. Osaka 🇯🇵 (tie)
10. Auckland 🇳🇿 (tie)

The Global Liveability Index 2023: optimism amid instability

The Economist »

Canada and other nations require more immigrants to counter shifting demographics

The Desjardins report confirms that our aging demographics makes the case for increased immigration if we want to grow Canada’s economy.

The Canadian Press via National Observer »

Canada’s population grew by more than one million people last year, a record for the country. Its total population grew by 2.7 per cent, the fastest rate since 1957.

The strong population growth comes as the Liberal government eyes higher annual immigration targets, which would see the country welcome 500,000 immigrants per year by 2025.

Proponents of higher immigration argue that the labour market is able to absorb more workers, and the country needs more working-age Canadians to support the tax base as more people retire.

“We need immigration at a relatively high rate, actually, in order to offset the economic impacts of aging _ to be able to pay for the health care that Canadian seniors are going to need,” Bartlett said.

Meanwhile » China too needs immigrants

China is entering a severe demographic crisis.

For several centuries, the Asian nation has been the most populous country in the world. But it is now shrinking. In 2022, the country registered more deaths than births, and it will soon be surpassed by India in total population size – indeed, many demographers believe this has already occurred.

Increasing monopoly power poses a threat to Canada’s post-pandemic economic recovery

The Conversation »

The grocery industry is dominated by five major players — Loblaws, Metro, Empire (the owner of Sobeys), Walmart and Costco. These five companies account for over three-quarters of all food sales in Canada.

The Bureau recommended four policies to encourage competition in the sector. These include establishing a grocery innovation strategy, encouraging new independent and international players, introducing legislation for consistent unit pricing and limiting property controls.

Canada and California absolutely must call Google’s and Facebook’s bluff on news

Brian Merchant, LA Times »

California and Canada must absolutely not give in to the tech giants’ tantrum. This is a bluff, and not a particularly convincing one. For the sake of the beleaguered news industries in both places (yes, including this media outlet), the Canadian and Californian governments must absolutely call it.

For assurance, we should look to Australia, where a like-minded bill went into law in 2021, even after Google and Facebook made the same exact threats. Facebook did initially restrict access to news, but the ploy lasted barely a week before it backfired wildly, and Facebook agreed to comply, albeit after extracting some concessions.

That bill has already restored tens of millions of dollars in revenue to Australia’s troubled newsrooms, and, while far from perfect, has transformed the media environment dramatically.

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