Thursday, May 23 2013 2:51 PM EDT2013-05-23 18:51:07 GMT
Crews are responding to a garbage truck that caught fire off Shelburne Road in Shelburne, Vt. According to the Shelburne Fire Department, something in the back of a Casella Waste truck caught fire. TheMore >>
Crews are responding to a garbage truck that caught fire off Shelburne Road in Shelburne, Vt.More >>
Thursday, May 23 2013 2:04 PM EDT2013-05-23 18:04:40 GMT
The N.H. Senate is expected to take up a bill Thursday to legalize medical marijuana in the state. According to the legislation HB573, it would allow patients with cancer, glaucoma, positive status forMore >>
The N.H. Senate is expected to take up a bill Thursday to legalize medical marijuana in the state.More >>
Thursday, May 23 2013 12:34 PM EDT2013-05-23 16:34:26 GMT
The Essex Fire Department and Vermont Gas are currently investigating the smell of propane at the Edge Fitness Center in Essex, Vt.FOX44 and ABC22 reporter Michael Page says they haven't found anythingMore >>
The Essex Fire Department and Vermont Gas are currently investigating the smell of propane at the Edge Fitness Center in Essex, Vt.More >>
Thursday, May 23 2013 12:22 PM EDT2013-05-23 16:22:39 GMT
The annual Spring Move Out Project in Burlington Thursday. The project allows you to get rid of unwanted, but still usable household goods. You can bring clothes, books, furniture, household items, andMore >>
The annual Spring Move Out Project is being held in Burlington Thursday.More >>
Thursday, May 23 2013 10:40 AM EDT2013-05-23 14:40:21 GMT
If you're planning on traveling this holiday weekend, you're not alone. According to AAA, more than 30 million Americans will be on the roadways. On average, they'll also be driving at least 50 miles forMore >>
If you're planning on traveling this holiday weekend, you're not alone.More >>
Thursday, May 23 2013 9:31 AM EDT2013-05-23 13:31:51 GMT
Each year between 5 and 7 million animals enter a shelter. Purina Cat Chow is trying to offset some of those costs. The company is donating $200,000 to 50 shelters and that's where you come in. A quickMore >>
Each year between 5 and 7 million animals enter a shelter. Purina Cat Chow is trying to offset some of those costs. More >>
Thursday, May 23 2013 8:54 AM EDT2013-05-23 12:54:39 GMT
Two sides of the law are working together in order to keep the peace at the border. Vermont State Police an Quebec's Provincial Police met to address the challenges of policing at the border in a specialMore >>
Two sides of the law are working together in order to keep the peace at the border.More >>
Thursday, May 23 2013 8:13 AM EDT2013-05-23 12:13:33 GMT
New details in an officer involved shooting that happened in Danville, Vt. last year.In September, 36-year-old William Mahoney was shot by a state trooper. This after police say he stole a vehicle andMore >>
New details in an officer involved shooting that happened in Danville, Vt. last year.More >>
Thursday, May 23 2013 7:21 AM EDT2013-05-23 11:21:15 GMT
The Colchester Police Department is responding to a sink hole in the area of East Road near the intersection of Austin House Road. Police say the sink hole has closed down one lane of travel.Police areMore >>
The Colchester Police Department is responding to a sink hole in the area of East Road near the intersection of Austin House Road.More >>
Wednesday, May 22 2013 9:56 PM EDT2013-05-23 01:56:44 GMT
Nearly two years ago, Deborah Drewniak's family wasn't sure if she would be around after being severely injured in a texting and driving accident. Instead of focusing on herself, Drewniak wants to helpMore >>
A Vermont woman seriously injured by a teen, who was texting and driving, is trying to share her story with as many people as she can.More >>
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SOURCE Conference Board of Canada
OTTAWA, March 14, 2013 /CNW/ - Canada's economy moved up to a ranking of
sixth among the 16 countries assessed in The Conference Board of
Canada's 2012 How Canada Performs: Economy report card.
While Canada retains a "B" grade and improved its ranking from 11th in the last pre-recession report card for 2008, it is more a reflection
of weakness among its peers than of a stellar Canadian economy.
"This "B" grade should be viewed as relative because Canada fares poorly
when compared with the top-performing economies. With the exception of
inflation and employment growth, Canada ranks far below the best
countries on all other economy indicators," said Glen Hodgson, Senior Vice-President and Chief Economist.
"Canada has been a chronic laggard on several important economic
indicators - notably, labour productivity growth and competition for
global investment. And even in areas where Canada has improved, other
countries are still doing better."
Canada's improved ranking in 2012 is less about its performance and more
a result of fiscal and financial uncertainty in much of the European
Norway and Australia are the top performers, achieving "A" grades.
Despite its uneven economic recovery and unsettled public finances, the
United States also gets a "B" grade and ranks fourth, two places ahead
Canada's overall economic performance has deteriorated relative to its
peers since the 1970s.
For each indicator, the Conference Board ranks the performance of all
country from top to bottom, and divides this range into four equal
segments from "A" to "D".
Along with most of its peers, Canada gets an "A" grade on inflation. Canada gets "B" grades for gross domestic product (GDP) growth, labour
productivity growth, employment growth, and the unemployment rate. But
Canada's overall ranking is pulled down by "C" grades on income per
capita and outward foreign direct investment (FDI), and a "D" on inward
Canada's ranking on income per capita dropped from sixth position among
comparator countries in 2000 to eighth in 2008, and remained there
through 2012. Canada's income per capita was US$36,138 in 2012- nearly
$12,000 below Norway, the top performer.
Furthermore, income per capita in Canada is 84 per cent of income per
capita in the United States. The income gap tripled between 1980 and
2012. The importance of productivity shows up in this measure - lower
labour productivity in Canada accounts for the largest component of the
Canada attracted 2.7 per cent of the world's foreign direct investment
in 2011 and accounted for 2.5 per cent of world GDP. This performance
placed Canada sixth out of 16 countries on inward FDI in 2011, which suggests, at first glance, that Canada is a relatively
attractive market for investors.
Nevertheless, Canada is one of 13 countries to earn "D" grades on inward
FDI. Belgium is the runaway leader on this indicator, with eight times
more inward FDI than its share of the global economy. Belgium's
performance effectively lowers the grades of the other 15 countries.
Canada gets a "C" grade on the Outward FDI Performance Index for 2011 and ranks 10th. Since the late 1990s, the stock of Canadian direct investment abroad
has been greater than the stock of FDI in Canada. This shift indicates
that Canadian firms are using foreign direct investment to build global
value chains and serve customers in other countries. That said, Canada
still ranks far behind the top performers, particularly the two
countries that earn "A" grades - Belgium and Switzerland.
How Canada Performs is a multi-year research program at The Conference Board of Canada to
help leaders identify relative strengths and weaknesses in Canada's
socio-economic performance. The How Canada Performs website presents data and analysis on Canada's performance compared to
15 peer countries in six performance categories: Economy, Innovation, Environment, Education and Skills, Health, and