Saskatchewan set to pass Ontario in wealth stakes

OTTAWA -- Saskatchewan will surpass Ontario this year as Canada’s second-wealthiest province as measured by living standards, the result of a recession that has shown no mercy on the country’s industrial heartland, according to an independent analysis issued Tuesday.

Moreover, the report from Dale Orr Economic Insight said Canada’s overall standard of living -- or real GDP per capita -- will have dropped by a startling 4.3% as a result of the economic crisis, with the bulk of the drop to be recorded this year. The bigger provinces, most notably Alberta and Ontario, sustained the deepest hits, of 6.2% and 5.8% respectively.

Put in context, Canada’s standard of living grew at an average rate of 2.3% for the 24-year period ended 2008, as expansion in output outstripped population growth. A higher standard of living means a better quality and quantity of goods and services available to households.

The findings from Dale Orr, a leading fiscal and economic forecaster, are based on his own predictions for economic and population growth in each province. In an interview, he said the numbers he’s using are close to the Bay Street consensus, such as a 2.4% economic contraction for the country this year.

The analysis is yet another piece of evidence documenting the economic decay Ontario faces. According to Mr. Orr, the one-time manufacturing hot bed has seen its living standards decrease dramatically this decade, to the point at which Saskatchewan is set to overtake Ontario as the No. 2 province in terms of living standards, trailing only Alberta which remains comfortably in first place.

In the mid-1980s, which is as far back as Mr. Orr examined, Ontario’s living standard was 113% of the national average and solidly in the No. 2 spot behind Alberta. But it has stumbled steadily, to roughly 109% at the start of this decade to a projected 103% once the 2009 data are calculated. Living standards in Saskatchewan, meanwhile, will be the equivalent of 104% of the national average as of the end of this year

Mr. Orr said much of Ontario’s precipitous drop has coincided with the Canadian dollar’s surge from the low-US60¢ level to parity with the U.S. currency.

The currency’s appreciation “was harder on Ontario than any other province,” Mr. Orr said, adding he expects the loonie to trade, on average, at par with its U.S. counterpart for most of next year. “What people don’t know is that Ontario’s standard of living had been declining, relative to the Canadian average, well before the start of the decade. It is just the rate of decline has picked up, and got worse with the problems in the auto sector.”

Mr. Orr said big challenges remain for the Ontario economy even though the recession likely came to an end last quarter.

For starters, some of the manufacturing capacity that was shut down during this downturn is unlikely to return. Manufacturers that opt to continue operating will attempt to do so with possibly fewer workers.

And then there’s Ontario bulging budget deficit, which will limit the provincial government’s ability to influence growth.

For its part, Saskatchewan’s ascent is attributed to its natural resources, from oil and natural gas, to potash and wheat. “They have been riding some really winning horses and they have had a good open-for-business climate as well,” Mr. Orr said.

However, he warned commodity prices remain volatile and a sharp pullback could hit Saskatchewan’s living standards.

By Paul Vieira, Financial Post

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TORONTO: Canada has announced a new liberal business visa regime for Indian businessmen to catch up with other industrialised nations in boosting
trade with India.

The new visa regime was announced by the government here close on the heels of the visit of Prime Minister Stephen Harper to India.

Under the new system, Immigration Minister Jason Kenney said applications from Indian citizens for business visas will be cleared within 24 hours. The express visa service offers multiple entry visas to applicants.

Along with the liberal visa regime, Toronto has also announced that a new nuclear cooperation pact and a mutual investment protection agreement was on the fast track. The nuclear agreement will pave the way for supply of enriched uranium for India's civil nuclear energy needs.

"We're actively negotiating a nuclear cooperation pact and have an investment protection agreement, and have established one of our most widespread overseas networks in India, with three new trade offices opened by our government since 2006," Kenney said.

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"We have also decided to double the number of Indian students coming to Canada," the minister said adding that the country is working with India on several initiatives aimed at boosting bilateral trade, currently at a "ridiculously low" level, to around USD 15 billion in next five years.

The minister was speaking at a function last night organised by the Indo-Canada Chamber of Commerce also attended by Indian Consul General to Canada, Preeti Saran.

Describing Canadian Prime Minister Stephen Harper's visit to India as "extremely successful, Consul General Preeti Saran said that it would go a long way in strengthening strategic partnership between the two countries. She added that Ontario Premier Dalton McGuinty's visit to India next month would further strengthen cooperation in the energy sector.

Meanwhile, Ontario Minister of Government Services
Harinder Takhar commended the contributions made by Indo-Canadians in the economic development of Canada and said that India's rapidly growing economy and its commitment to expand investment would provide significant opportunities for investors in a variety of sectors, including infrastructure, education, and energy.

ICCC President Asha Luthra said that Chamber of Commerce has taken a number of initiatives to boost bilateral trade and investment between the two countries, and also highlighted ICCC's achievements in the past one year.

Canada best for immigrants, says UNDP

Toronto, Oct 6 (IANS) Canada has been lauded as a role model for the rest of the world for accepting new immigrants.
A new report by the United Nations Development Programme (UNDP) praises Canada for its liberal and fair immigration policies.

Canada accepts more immigrants per capita than any other nation on earth in proportion to its population. With a population of about 34 million, Canada accepts more than 250,000 immigrants each year. They come from more than 150 countries, with India and China topping as the two main sources for immigration.

More than 30,000 Indians enter Canada as new immigrant each year, though it may take them up to six years to get their applications processed in New Delhi.

The UNDP report, which rates Canada as the fourth best country to live in, says immigration has benefited Canada and other wealthy countries as their populations age.

“All Canadians can be proud of what the report says about Canada,” David Morrison, UNDP executive secretary, said here Monday.

He said: “There are one billion people on the move and that number is going to grow as we look to the future. So the report argues that migration is a process to be managed rather than problem to be solved.

“The report really singles out Canada as a model as a receiving country.”

The UNDP official said: “Canada is historically a very open country. It is a country based on immigration to a very great extent. Today, Canada is one of the most open countries to migration in the world and accepts a large number of migrants each year, both on a permanent basis and as temporary workers.

It also accepts a large number, per capita given Canada’s population size, of asylum seekers.”

Citing how many other countries make it difficult for new immigrants to enter, the 217-page report says the cost of moving from Vietnam to Japan is six times the annual income per capita in that country.

“In one in 10 countries, the costs of a passport are about 10 per cent of the money you could expect to make on an annual basis,” the UNDP executive secretary said.

“So just preparing to become a legal migrant can be burdensome, which is why we have so many people migrating through illegal channels,” he added.

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Canada holds on to second place as world’s top country brand

Canada has held on to the number-two spot as the world’s most respected country brand for the second year in row. The ranking comes from the fifth annual Country Brand Index (CBI) by FutureBrand of New York, NY.

“In a challenging year for the global economy, we’re especially pleased with the recognition that Canada’s tourism brand is holding firm in an intensely competitive international tourism marketplace,” said Greg Klassen, CTC senior vice president, Marketing Strategy. “Our travel marketing focuses on enticing travellers with extra-ordinary experiences against a backdrop of vibrant cities and spectacular natural settings. The strategy has market strength and is paying off. We’ve come a long way from an image of moose and mountains.”

After launching the new tourism brand-”Canada. Keep Exploring”-five years ago, Canada leapfrogged from twelfth place in 2006 to sixth place in 2007, and jumped again to achieve the second-ranked spot for the first time in 2008. This year, the United States received a bounce and has earned the coveted spot as the world’s top country brand for the first time, changing places with Australia, which slipped from the premier ranking to number three. Amidst this jostling, Canada’s tourism brand stands strong, resilient and competitive.

Said Klassen, “A country like the United States has a much bigger global footprint than Canada. As we are less well known, our tourism personality, or brand, has to carry more weight to succeed in getting travellers to choose us. This ranking is one way of validating that we’re on the right track.”

In the 28 different categories that the influential CBI uses to determine the Best Country Brand, Canada also ranked among the top five countries in ten of the categories, and ranked first in the categories of: Country You Would Most Like to Live In; Families; Resort and Lodging Options; Political Freedom; Safety.

Other countries making the Top Ten of the global 2009 CBI study include New Zealand, France, and Italy. CBI also identified the United Arab Emirates (UAE), China and Vietnam, respectively, as the top three “rising stars”-those likely to become even more competitive within the next five years.

CBI is a comprehensive study of around 3,000 international business and leisure travellers from nine countries-the United States, the United Kingdom, China, Australia, Japan, Brazil, UAE, Germany and Russia. The CTC has marketing programs in seven of them.

CBI examines how countries are branded and ranked, and identifies emerging global trends in the world’s fastest-growing economic sector-travel and tourism, which accounted for US$944 billion in international tourism receipts in 2008. This year’s index includes rankings and trends, themes in nation building and marketing issues, as well as in-depth analysis of the strengths and weaknesses of the Top 10 country brands.

“This acknowledgement of our competitive edge is particularly satisfying as we head into the 2010 Winter Games,” added Klassen. “While the world is captivated, the CTC is executing a well-thought-out strategy to promote Canada’s tourism brand in its global markets. We’ve crafted the script and produced the movie that will inspire travellers to explore Canada because of the 2010 Winter Games-and long after the Olympic flame is extinguished.”

Stealing talent from Uncle Sam

Canada takes aim at skilled immigrants squeezed out by the U.S.

by Charlie Gillis and Colin Campbell on Tuesday, November 10,
Source: Mclean.ca

America’s best friend and oldest trading partner—that’s Canada. Happy member of the world’s largest free trading zone? Sure. But when it comes to the global competition for talent, well, friendship only goes so far. When immigration managers at Canada’s consulate in Los Angeles were asked last year to provide a snapshot of the immigration situation in their region, their tone sounded downright predatory. “Significant numbers of high quality economic class immigrants are being gleaned from this territory,” they wrote in a report obtained by Maclean’s. Most of the workers have been educated at U.S. universities, the document went on, obtaining degrees in valued fields like biomedical research or software engineering. With such talent in short supply in Canada, the pencil pushers in L.A. boasted, “this office regularly engages in promotion and recruitment efforts to exploit this talent.”

Exploiting? Canada? It would seem so—and at Uncle Sam’s expense. As a political war over immigrant workers rages south of the border, Canada has left a key under its mat for those who have been squeezed out and accused in some quarters of stealing high-paid work from native-born Americans. Each year, a wave of foreign-born employees in the U.S. exhausts the sixth and final year of work visas known as H-1Bs—documents created for companies who can’t find homegrown talent to fill certain jobs. But politicians in Congress have for years fought for a cap on the number of new H-1Bs (it now stands at 85,000), which has left thousands of educated, skilled workers out in the cold.

It is these workers Ottawa has been targeting, and its efforts appear to be paying off. During the period from 1998 to 2008, the number of skilled workers coming into the country from the United States more than doubled, from 1,969 to 4,085.

The trend has raised fears among business and political leaders south of the border, who see skilled immigrants as key drivers of economic growth. “The smartest people want to come here and that’s a huge advantage to us,” Microsoft founder Bill Gates told a congressional committee last month. “In a sense, we’re turning them away.” New York Mayor Michael Bloomberg has been calling for an increase in the number of visas, citing Canada, among other countries, as a destination for talent. He points to a study by the National Foundation for American Policy, which found that every time an American technology company requested an H-1B visa position, it added five additional jobs.

In some cases the restrictions have prompted companies to vote with their feet. Microsoft last year opened a 70,000-sq.-foot “development centre” in the Vancouver suburb of Richmond to house 300 workers hailing from more than 40 different countries. Many have “immigration challenges” preventing them from working in the U.S., explains Dennis Pilarinos, a former H-1B visa holder who returned to his native Vancouver to manage the facility. Now, at the sprawling complex, they work on everything from the XBox to Microsoft Office software. The rules have also been a boon for Canadian firms, says Tom Jenkins, executive chairman of Waterloo, Ont.-based Open Text. “It’s left Canada at a competitive advantage for attracting talent.”

Critics wonder whether offices like Microsoft’s represent a long-term gain for Canada. For some U.S. companies, the goal is to create a temporary home for employees before shifting them stateside as soon as possible; others are taking advantage of NAFTA provisions allowing people holding Canadian work permits to do business in both countries. In a practice known as “parking,” employers will place workers in Canadian branch offices, yet have them spend most of their time doing business south of the border.

But Canada’s innate appeal to immigrants often wins out in the end, says Peter Rekai, a Toronto immigration lawyer who has counselled former H-1B holders. “A lot of these workers end up liking things better here, and stay,” he says. “They find that it’s a better climate for them in Vancouver or Toronto—there are bigger [ethnic] communities, it’s more multicultural than where they were in the States.” Nor should Canadians underestimate the sheer demand for skills in certain parts of the country. Alberta, working in conjunction with Immigration Canada, has been running a special program targeting H-1B holders, offering permanent residency to workers with as little as one year’s experience in the U.S. In the past 18 months, it has received thousands of applications and accepted 393 workers—like Carlos Barrios, a civil engineer who jumped at the chance to move his family to Calgary from Houston. Barrios, who is originally from Venezuela, had spent seven years trying to get a green card in the U.S. before “Canada came in and offered me a chance to be a permament resident in less than six months. We love it here.”

That demand could work even more heavily in Canada’s favour as the U.S. economy languishes. This year was the first in several in which all of the H-1B spots made available in the U.S. weren’t filled on the first day (after six months, about 18,000 remain available). In other words, a shortage of work in the U.S., not a shortage of visas, may be driving these U.S. castaways north. Either way, Canada increasingly looks like a net brain-gainer after years of watching its best talent disappear south. The longer Uncle Sam takes to get his house in order, the better it is for us.