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Over the past two decades, Canada has witnessed continued economic stability and progress despite the recent crisis that wreaked havoc in most other advanced economies. In fact, Canada has never had a banking crisis and has one of the highest levels of well-being, but challenges remain, said OECD Secretary-General.
Canada has experienced solid economic growth since the global crisis, allowing it to reverse recession-induced job losses and put federal public finances on a sound footing, says the OECD. Growth is expected to accelerate from 2.5% this year to 2.7% in 2015.
As advanced economies struggle to consolidate recovery from the deepest financial crisis in modern times, promoting innovation becomes critically important to develop new products, new services, and new ways of doing thing, said OECD Secretary-General.
To tackle rising inequalities we need to reassess the way in which our economies grow. By placing inclusiveness at the heart of the growth debate we can open up opportunity so that every citizen can realise their potential, to contribute to, and benefit from, more equitable economic growth, said OECD Secretary-General.
Solving the long-term investment ‘puzzle’ must, by its very nature, be a joint effort between public and private sectors. Policymakers need to partner with institutional investors to find workable solutions, said OECD Secretary-General in Montreal.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Montreal to attend the International Economic Forum of the Americas, where he will present the 2014 OECD Economic Survey of Canada, and the OECD Review of Employment and Skills Strategies in Canada.
This database provides information on environmentally related taxes, fees and charges, tradable permit systems, deposit refund systems, environmentally motivated subsidies and voluntary approaches used in environmental policy in OECD member countries and a number of other countries. Developed in co-operation between the OECD and the European Environment Agency.
English, PDF, 321kb
Obesity rates are high in Canada, relative to most OECD countries, but they have not increased substantially in the last 15 years.
When it comes to well-being, American users of the OECD Better Life Index (BLI) want to be happy, Canadians care most about health, while Latin Americans strive for better education. That’s according to user feedback as the Index marks its third birthday.
The average worker in Canada faced a tax burden on labour income (tax wedge) of 31.1% in 2013 compared with the OECD average of 35.9%. Canada was ranked 26 of the 34 OECD member countries in this respect.