Published on 29 Apr 2024 on Insider Monkey via Yahoo Finance
30 Wealthiest People in Canada
In this article, we will look into the 30 wealthiest people in Canada. If you want to skip our detailed analysis of the Canadian economy, you can go directly to the 5 Wealthiest People in Canada.
Canadian Economy: An Outlook
According to the Economic and Fiscal Overview by the Canadian government, Canada's economy is surpassing expectations. Inflation in the country has dropped to 2.8% in February 2024, from 8.1% in June 2022. As of 2024, Canada boasts a gross domestic product of $2.24 trillion, according to the IMF. The labor market of the country remains strong, with 1.1 million more Canadians employed compared to pre-pandemic levels. Moreover, real wages in Canada have also increased, providing Canadians with higher purchasing power. The economic growth for 2024 is on track, with the economy growing at an annualized rate of 3.5%, as of the first quarter.