Canada: Best advanced economy in the World.

The Canadian banking system, considered the world's healthiest according to The World Economic Forum, was recently announced to have come out of the economic recession. Canada hasn't had a single bailout, bank failure or need for government to interfere with its financial system.

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While US banks are leveraged at an average of 26 to 1, Canadian banks only borrow 18 to 1. Unlike much of the rest of the world, Canada has stuck to the tried-and-true rules of banking, borrowing, and risk. It has remained conservative and sensible, and hasn't been tricked into thinking it could beat the markets.

Furthermore, housing is remarkably robust in Canada and instead of having a budget deficit the Canadian economy has run a surplus for the past dozen years and now has cash that can pull it out of any economic drags it may be facing.

Thanks to immigration, Canada is drawing skilled and educated manpower, mainly from Asia. Microsoft even set up a Vancouver research centre specifically to attract "highly skilled people affected by immigration issues in the U.S."

Furthermore, while the Canadian healthcare system comprises only 9.7 percent of the GDP it still outperforms the US system by all measures. As a result, the life expectancy in Canada is 81 compared to the 78 years in the US.

For years car manufacturers have been moving jobs to Canada to avoid the high healthcare costs in the US. Now Ontario is the largest carmaker in North America, even out-producing Michigan.

Source: Migrationexpert.com

Canada’s best and worst run cities

This survey, the first of its kind in Canada, provides citizens in 31 cities across the country with comparative data on how well—or poorly—their city is run, measured by the cost and quality of the public services it delivers. (Why 31? We took the 30 largest cities in Canada, added whatever provincial capitals were not on the list, then subtracted a few cities from the Greater Toronto Area for better regional balance. Somehow that left 31.)

Though the overall results—Burnaby, Saskatoon and Surrey, B.C. lead the pack; Charlottetown, Kingston, Ont., and Fredericton trail—will be of particular interest, they are less important than the process this is intended to kick off. We aim not merely to start some good barroom arguments, but to help voters to hold their representatives to better account, and indeed to help city governments themselves. For without some sort of yardstick to measure their performance, either against other cities or against their own past record, how can they hope to know whether they are succeeding?

To compile the survey, Maclean’s commissioned the Halifax-based Atlantic Institute for Market Studies, expanding on the institute’s earlier work measuring the performance of municipalities in Nova Scotia and New Brunswick. Unlike other studies, this does not try to measure quality of life, or which city is the “best place to live.” Rather, it focuses on the contribution of local governments to this end.

This survey looks at a city’s efficiency—the cost of producing results—and the effectiveness of its services, including how well each city does when it comes to things like maintaining roads and parks, picking up garbage and putting out fires.