As per Mercer’s 2014 Cost of Living Survey, Calgary was ranked the fourth most expensive city to live in, falling behind Vancouver, Toronto and Montreal. Canadian cities have overall seen a significant drop in this year’s survey ranking compared to other places worldwide. This can be attributed to the weakened Canadian dollar and slower pace
Despite all the talk about layoffs in the oil patch due to slumping oil prices, both Alberta and the Calgary area saw increases in jobs in April. According to Statistics Canada, overall hiring is at a three-month high. However, this is not surprising given the collapse in oil prices, the province’s natural resources sector which