For the third consecutive year, Toronto has been named the most expensive city in Canada for international employees, according to consulting firm ...
For the third consecutive year, Toronto has been named the most expensive city in Canada for international employees, according to consulting firmhelps international employers plan compensation for their employees and highlights how rising housing costs and inflation are reducing purchasing power and increasing operational costs.
The study measured the comparative cost of more than 200 items in each location, including transportation, food, clothing, household goods, and entertainment.continued to have an impact on the cost of living in major cities — including Toronto — throughout 2024, such as inflation and heightened economic and geopolitical volatility.
"While concerns around cost of living remain, the labour market continues to show it's on solid ground, making Canada an attractive destination for inbound foreign nationals. We are seeing signs of stability and inflation is gradually decreasing, but organizations need to remain vigilant in planning effective compensation strategies for their globally distributed workforces," Cordova explained.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Championship semi-final draw produces Ontario, B.C. rivalry matchesToronto FC, Canadian Premier League champion Forge FC to clash in Canadian Championship semi-final
Read more »
Toronto's WNBA expansion franchise touted as 'Canada's team' by owner Larry TanenbaumTORONTO — The WNBA isn't just coming to Toronto, it's coming to Canada.
Read more »
Toronto's WNBA expansion franchise touted as 'Canada's team' by owner Larry TanenbaumTORONTO — The WNBA isn't just coming to Toronto, it's coming to Canada.
Read more »
Toronto's WNBA expansion franchise touted as 'Canada's team' by owner Larry TanenbaumTORONTO — The WNBA isn't just coming to Toronto, it's coming to Canada.
Read more »
Toronto's WNBA expansion franchise touted as 'Canada's team' by owner Larry TanenbaumTORONTO — The WNBA isn't just coming to Toronto, it's coming to Canada.
Read more »
Canadian Telecom Summit kicks off in Toronto amid plea for ‘stable regulatory environment’The three-day event will begin with speeches from Rural Economic Development Minister Gudie Hutchings and Quebecor Inc. CEO Pierre Karl Peladeau
Read more »