Canada has an impressive trillion-dollar high-tech industry. The country is also rich with natural resources, including iron, diamonds and gold, plus its oil resources are the 3rd largest in the world.
According to the Association for Canadian Studies, the median household income for Canadian citizens is $68,560 per year. As reported in Money Sense, during the last ten years, the Toronto Stock Exchange has risen by 59%, compared with a 3% gain for the MSCI World Index and a 4% loss for the S&P 500.
The Canadian dollar has also appreciated 47% against the U.S. dollar and 16% against the euro over the past 10 years. Since the 1990s, Canada’s federal government has maintained a budget surplus that was barely touched by the global recession. Canada also has a low unemployment rate (7.0% as of January 2014), plus there has been an increase in full-time jobs with high-paying positions and a decrease in the part-time job market.