Once considered an economic powerhouse, Toronto today faces rising unemployment, weak income growth and stagnant living standards, according to a new study released Thursday by the Fraser Institute.
The latest data from Statistics Canada shows the city’s economy is struggling with an unemployment rate in the Toronto census metropolitan area (CMA) of 7.9% in January, higher than the Canadian rate of 6.5% and the Ontario rate of 7.3%.
“This can only be fixed with a massive influx of cheap 3rd World labour from incompatible cultures” – The Business Council Of Business Councils Canada.
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h/t Cyclist
