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Category: Economy (Page 5 of 7)

Three Canadian cities — Vancouver, Calgary, and Toronto — ranked among world’s top 10 most livable

2023-06-23 /

Vancouver, Calgary and Toronto ranked in the top 10 according to a long-running Economist Intelligence Unit’s (EIU) latest survey, the Global Liveability Index 2023 ranking of 173 metropolises.

For 2023, the world’s 10 most livable cities according to the EIU are:

  1. Vienna, Austria 🇦🇹
    For the second year, the Austrian capital took the title of world’s most liveable city in the world.
  2. Copenhagen, Denmark 🇩🇰
  3. Melbourne, Australia 🇦🇺
  4. Sydney, Australia 🇦🇺
  5. Vancouver, Canada 🇨🇦
  6. Zurich, Switzerland 🇨🇭
  7. Calgary, Canada 🇨🇦
  8. Geneva, Switzerland 🇨🇭
  9. Toronto, Canada 🇨🇦
  10. Osaka, Japan 🇯🇵  and Auckland, New Zealand 🇳🇿 (tie)

Least liveable of the cities ranked include Douala, Cameroon; Kyiv, Ukraine; Harare, Zimbabwe; Dhaka, Bangladesh; Port Moresby, Papua New Guinea; Karachi, Pakistan; Lagos, Nigeria; Algiers, Algeria; Tripoli, Libya; Damascus, Syria.

Read the report » Economist Intelligence Unit’s (EIU) Global Liveability Index 2023

Building a battery business is no easy task, even for VW

2023-06-22 /

Bloomberg »

The cell plants VW is setting up in Germany, Spain and Canada will underpin its shift away from the combustion engine. The automaker has earmarked €20 billion ($22 billion) worth of investment through 2030 to try and turn its one-year-old battery unit PowerCo into a behemoth with 20,000 workers and enough capacity for 3 million EVs a year. VW on Wednesday mapped out a renewed profit push, with Chief Financial Officer Arno Antlitz telling reporters the company remains open to eventually selling shares in PowerCo.

Productivity plunges in Ontario

2023-06-16 /

Lower productivity almost always equals lower living standards.

The Hub »

Overall, the median household income in the U.S. is just under $71,000 per year. For Canada, it’s just over $78,000 Canadian dollars, which is equivalent to roughly $62,000 in equivalent purchasing power in the U.S. While this data is not entirely comparable, GDP per capita is strongly related to average incomes, even within Canada.

Per Capita GDP in 2022 in each US state and Canadian province.

Per Capita GDP in each US state and Canadian province in 2022,

Canada’s population reaches 40 million

2023-06-15 /

StatCan » Canada’s population is currently growing at a record-setting pace and will reach 40 million people on June 16.

Statistics Canada’s Population Clock, which models population growth in real time based on a number of factors (including recent trends for births, deaths and migration data), will reach 40 million just before 3 p.m. (EDT).

“This is an exciting milestone for Canada,” says Chief Statistician Anil Arora. “It is a strong signal that Canada remains a dynamic and welcoming country, full of potential. As we head into Canada Day, this is certainly cause for celebration!”

While several countries are bracing for the impacts of population decline, Canada continues to lead the G7 when it comes to population growth. It currently stands at 2.7%, which is the highest level since 1957, when immigration and the baby boom helped Canada’s population grow by 3.3%. In fact, between January 2021 and 2022, Canada added over one million people for the first time in its history.

The current trend is driven in very large part by permanent and temporary migration, which accounted for nearly all growth recorded in 2022 (96%). If it continues, current projections show that Canada’s population could reach 50 million by 2043.

We may not know who the 40 millionth Canadian is, but they clearly inherit a country that is diverse and vibrant.

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