Economy

Google Ad

Canada’s recent election highlighted challenges with income inequality and long-term environmental and economic sustainability. This is highlighted by it's Inclusive Development Index (IDI) score, ranking 17th overall among advanced economies.

Canada Cloud Map

The situation is similar to the United States, its performance in the rankings is largely driven by its Growth and Development factors (12th), while lagging behind on Inclusion (17th) and Intergenerational Equity and Sustainability measures (21st).

Inclusive Growth aIndec 2018

At 12.6%, Canada’s poverty rate is dropping but still disproportionately affects vulnerable groups such as single-parent households, indigenous populations, and newly arrived immigrants and refugees. Income and wealth inequality scores are high in comparison with other advanced countries that perform better on the IDI, and have remained relatively stable.

Nonetheless, Canada situates itself in the top quintile among advanced economies in terms of median household income, and has been trending positively in recent years. Canada’s low score on Intergenerational Equity and Sustainability is partly driven by its high levels of carbon intensity, with the Income inequality, on the other hand, has declined slightly over the last five years on average. The country is also showing a positive longer-term trend in terms of falling carbon intensity of economic activity.

Source: The Inclusive Development Index 2018

From The Traders Community Research Desk

Log in to comment
Discuss this article in the forums (1 replies).