Which is the most innovative city in Canada?
You might be surprised to know that Calgary has now taken the lead on that front, as measured by one of the most common ways of gauging innovation — patents.
Calgary has now surpassed the likes of Ottawa and Waterloo in terms of patents per capita. And yet, the Alberta city's rise has happened without the fanfare that accompanied the ascent of the country's previous tech hubs in Ontario.
This is the untold story of how Calgary quietly rose to become Canada's innovation leader. It's a story that doesn't have a central character. Unlike the tech booms of the past, there's no Blackberry or Nortel dominating the scene. Rather, it's a multitude of players in the oil and…
Bank of Canada Governor Stephen Poloz punted the “Will He or Won’t He” rate watch to July when the Bank of Canada left its target overnight rate unchanged on Wednesday. Markets had factored in only a 17 per cent chance of a hike, so there was little surprise. Looking ahead, there is a lot to get excited about for the Canadian economy, but in the near term, a few worrying signs justify leaving rates alone. Most of these signs have appeared repeatedly in Bank of Canada communications – but for one: falling money growth. And it deserves more attention.
First, the rosy side of the ledger. Headline inflation is now above the 2-per-cent target, and the bank’s measures of core inflation are all close to 2 per cent. Canada’s…
Canada’s aging population means different things for different provinces - Globe and Mail Op-Ed
The aging of the population has accelerated in Canada during the past decade, but not all provinces evenly bear the brunt of an aging labour force and growing share of seniors. The four Atlantic provinces are facing significant challenges while Alberta is less vulnerable and more prepared.
Lower fertility rates and improvements in life expectancy have contributed to Canada’s aging population. This demographic shift causes the labour force to shrink as a percentage of the population and slows economic growth. Further, the aging population has some implications for government finances since it dampens revenue growth and puts pressure on government spending that is sensitive to aging, such as health care and public pensions.
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