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As wealthy Americans continue to forge ahead of several of their global peers, the American middle class – for long the most affluent in the world – seems to have lost that distinction, according to an analysis conducted by New York Times. The analysis, based on surveys conducted over the past 35 years, shows that
Employers in British Columbia are bracing themselves for more worker shortages, with nearly 50 projects on the go, most of which are in the billion-dollar range. Business experts say that by 2020, the province will see about a million new jobs created in construction and operation of these projects. Though employers will certainly be looking
A new study by Statistics Canada reveals that Canadian families have become wealthier during the past several years, based on their rising net worth. The study published all its figures in inflation-adjusted dollars. According to the study, which takes a long-term view on the state of Canadian finances, the 2012 medium net worth among family
The December edition of the Conference Board of Canada’s Help-Wanted Index showed Alberta recording its fifth consecutive gain with an increase of 3.5 points. It also revealed the national index registering an increase of five points. The increases indicate better days ahead for those seeking employment in Alberta as well as across the country. The
The Canadian economy performed surprisingly positively in October and is set to extend its broadly-based growth with higher exports to the U.S., but uncertainty remains over the impact of lower oil prices on the energy sector. According to Statistics Canada, Gross domestic product rose 0.3 per cent to an annualized $1.65-trillion in October, after a
During his recent address at the Halifax Chamber of Commerce lunch, Nova Scotia Premier Stephen McNeil backed the government’s decision to increase immigration. He also encouraged people to follow the Ivany report recommendations, which could slow the province’s economic slide. The lunch event drew over 750 people, making it the biggest attendance ever for the
Canadian and Mexican leaders pledged to build stronger diplomatic and commercial relations, when they met at the Palacio Nacional in Mexico City, on the eve of the North American Leaders Summit in February. During the meeting, Canadian Prime Minister Stephen Harper and Mexican President Enrique Peña Nieto agreed to build a broader and stronger relationship
During the recent return of Parliament, Government House Leader Peter Van Loan boasted that Canada had the strongest job-creation record in the G7, with the creation of over one million net new jobs since the recession. However, (Organisation for Economic Co-operation and Development (OECD) data showed that this claim might not be entirely correct. However,
Just in time for Alberta’s next overseas recruitment mission, the federal government has announced that it will increase the number of working holiday visas granted to Irish citizens in 2014. Alberta employers and governments have made several such trips out to Ireland and the United Kingdom in recent years specifically to recruit much needed labourers
Despite the recent recession and resultant slowdown in job growth across the country, one province is still looking to hire more workers. For several years, Alberta has been leading the country economically, spurring job growth and fuelling recovery across Canada. The latest statistics show that February was no different, with the province adding approximately 18,000
