Newfoundland moves up in economic rankings

Canada’s resource boom has apparently been good for the people of Alberta, Newfoundland and Saskatchewan. The three resource-rich provinces are 1, 2 and 3 respectively in a ranking of economic well-being compiled by the Ottawa-based Canadian Centre for the Study of Living Standards. Newfoundland stands out for the significant strides it’s made in the three decades covered by the index — a weighted measure of consumption, wealth, economic security and economic equality. Newfoundland, which was dead-last in 1981, now ranks No. 2 with a score of 0.639, significantly above the national average of 0.562 and well above Ontario at 0.538. You can read the report here.

Source: The Globe and Mail

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