The Gap Between Rich and Poor In Canada :: Canada Economics

internal economies are extremely complex. The level of economic development is the major index fare of the place that the country stands on the international economic scene or economic staircase. M whatsoever factors are responsible for economic growing and sustainability as well as for crisis and disruption. Nowadays, all the countries of the globe are interconnected and about intermingled with each other in the net of international economic dealing due to globalization. Therefore, Canadian citizens should prevent the gap between rich and the inadequate to make Canada a greater society.Canada is a country famous for the growth of the national wealth, its transformation into financial and economic, and political leader of the capitalist world. Canada uses any opportunity to take control over new markets, to increase the fruit and export products and investments. Canada has become a country many bulk emergency to invest in people follow stability and strength, and so theres people investing in Canada like they used to invest in England, the linked States and German. The world feels our affluence (Serving Up the City to the Super-Rich 2007). Investment is an integral get going of the countrys policy and making investments in an economically truehearted and stable country like Canada often guarantees the development and preservation of the accompanys well-being. Therefore, there is tremendous amount of cash influx from opposed economies into Canada, making more investments in Canadian economy, -like this case of construction of 14 hyper-luxury condos- accompanied by buying lots of Canadian dollars, thus rise demand for it and making the value of Canadian currency grow. There is a stealth influx of foreign capital changing the face of business district Toronto from the waterfront to Yorkville (Serving Up the City to the Super-Rich 2007).In Canada today, the middle class is shrinking, while the pct of the rich and the poor continues to grow. The ave rage work hours of Canadian working individuals in April 2009 were 36.2 hours per week, scarcely very large percentage of 9.2% of Canadians still falls in the category of low income. Yet, the number of millionaires and billionaires is growing. In 2002, the number of persons with income of $250,000 and over were 94,020 but in 2006, the number has increased to 144,830 (Statistics Canada). As one of the results of increased number of these rich people, we can now even witness a grand project like this Welcome to Torontos new era of wealth.