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Article: Federal and provincial budget balances with Canada's major cities.(Following the Money)
- Article from:
- C.D. Howe Institute Commentary
- Article date:
- July 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 C.D. Howe Research Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Large cities are frequently described as the "engines of economic growth" within a national economy. The reason: major cities are magnets for immigrants, new industries, the highly educated, and the highly skilled. In 2002, 90 percent of all international immigrants settled in one of Canada's nine major cities. (1) Forty-six percent of those immigrants held a bachelor's, master's, or doctoral degree; this compares to the Canadian average of 16 percent. (2) Over the period 1996-2002, Canada's nine largest cities contained 51 percent of Canada's population but were home to 65 percent of all net new jobs created in the country. Over the same period, by comparison, ...
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