Canada failing to close income inequality gap: report

Canada is failing to reverse the increasing income inequality that began in the 1990s, and with this comes increasing rates of poverty, according to a ...

Canada is failing to reverse the increasing income inequality that began in the 1990s, and with this comes increasing rates of poverty, according to a Conference Board of Canada report released this morning.

The multi-year research study compared Canada's performance to those of 16 of its peers in six performance categories: economy, innovation, environment, education and skills, health and society.

Canada ranks near the bottom, at number 15, indicating that it is second-worse for both child poverty and working-age poverty indicators. The board found that 15.1% of Canadian children are currently living in poverty, higher than in the mid-1990s. Working-age poverty increased from 9.4% in the mid-1990s to 11.1% in the late 2000s.

Canada received an overall "B" grade, however, despite these grim findings. This is due in part to surpassing most of its peers in intergenerational income mobility, as well as positive marks in life satisfaction, suicide rates and the income gap between disabled and able-bodied workers.

The Nordic countries, the Netherlands and Austria all received "A" grades. The United States was the worst performer overall, ranking in last place in several indicators.

The study, How Canada Performs: A Report Card on Canada, was conducted to help identify relative strengths and weaknesses in Canada's socio-economic performance.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

Also Read

More From Economy

Soft growth in China is underscoring the forecast for a weak global economic outlook in 2016, but British Columbia could be poised to...

Read Article

There may soon be “blood on the streets in Calgary” but B.C. is poised for a rebound in mergers and acquisitions (M&A) after Canadian activity ...

Read Article

The transaction marks the first time a private home-care franchisor has entered into this type of deal 

Read Article

Some think saving probate fees relates to saving income taxes. Nothing could be further from the truth

Read Article

Jen St. Denis on Fortis buying ITC Holdings for US$11.3 billion. Plus: Asian markets seeing more volatility.

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×