Wealth gap between Montreal and Toronto remains steady, report finds
A new report has found that Quebec’s regions have closed the economic gap with Ontario, even as the wealth gap between Toronto and Montreal remains.
A recent report by the Institut du Québec reveals that while Quebec's regions have narrowed the economic gap with Ontario, the wealth disparity between Toronto and Montreal remains unchanged. In 2011, Quebec's GDP per capita stood at 91% of Ontario's, excluding Toronto and Montreal. That gap closed to 99% by 2022. However, the report discovered no narrowing of the gap between Toronto and Montreal, with Montreal's per capita GDP remaining at 80% of Toronto's.
Economists caution that unless Quebec adjusts its immigration policies to attract a highly-skilled workforce, the Toronto-Montreal gap may widen.
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- Wealth gap between Montreal and Toronto remains steady, report finds winnipegfreepress.com
- Wealth gap between Montreal and Toronto remains steady, report finds toronto.citynews.ca
