A new study has revealed that median household income in Canada is now higher than in the United States.

Since the beginning of 2012, Canada’s job growth has expanded to include a record number of high-quality positions. This is according to a report by the Canadian Imperial Bank of Commerce (CIBC).

Canadian Immigration and Culture Minister, Jason Kenney, announced today that consultations have begun regarding the possible creation of a new program for immigrant entrepreneurs.

A list of the top 100 employers for immigrants to Canada has been announced by Mediacorp and published in the Globe and Mail.

These employers were ranked by their recruiting efforts of recent immigrants, advertising job vacancies in multicultural media or having a similarly targeted dedicated website, recognizing foreign credentials, and training, language improvement, as well as internship initiatives.

With the fastest growing immigrant population in Canada, and the country’s first Muslim mayor, Calgary is poised to reap the rewards of Alberta’s energy boom for a wide spectrum of Canadians, including many of its newcomers.

Like other provinces in Canada, notably Saskatchewan, Alberta, and British Columbia out west, Canada’s easternmost province, Newfoundland and Labrador, is also in the midst of an energy and resources boom that is taxing its ability to provide the skilled labour to complete planned projects.

The Government of Canada is demonstrating its commitment to creating jobs and strengthening Canada’s knowledge economy by making a $600-million investment as part of Canada's Economic Action Plan. Researchers in Quebec and across Canada will benefit from new facilities and equipment, and universities will have more opportunities to develop and attract top scientists. The investment is designed to promote research excellence while continuing to improve Canada's long-term competitiveness.

According to Statistics Canada, Canada’s GDP grew by 0.1 per cent in May, after being flat in April. The growth was mostly driven by the goods-producing sector, which grew 0.6 per cent in May. Activity in oil and gas exploration also contributed to the increase.

Canada’s strong growth prospects and superior economic position have created a favourable foreign investment climate. Canada’s pragmatic approach to economic management—strict banking regulations, stable banking system, low debt ratio, and economic immigration—has created a safe place to invest. Canada was better prepared than any other developed nation to weather the effects of the global recession.

Statistics Canada reports the Canadian economy added 93,200 jobs in June. Almost all of the jobs added are in Ontario (+60,000) and Quebec (+30,000). The large number of jobs added dropped Canada's unemployment rate to 7.9%. The current unemployment rate in the US is 9.5%. The statistic indicates the strength of the domestic economy in Canada.

“Canada is leading the world in the global economic recovery,” said Minister of Finance Jim Flaherty. A report released yesterday highlights Canada’s strong economy, sound fiscal position, and favourable foreign investment conditions.

Canada is being recognized in China this week for being a world-class destination for potential investors. Canadian Minister of International Trade, Peter Van Loan, said Canada is one of the best locations in the world to invest in sophisticated, cost-effective science and technology partnerships.

The Canadian economy showed the largest monthly gain in jobs on record in April, adding 108,700 jobs. In addition, Canada’s jobless rate fell from 8.2 per cent in March to 8.1 per cent in April.

Saskatchewan can look forward to substantial economic growth in 2010, according to three economic reports released this month.

The Canadian economy is faring better than expected, as Canada’s Gross Domestic Product grew at an annual rate of more than 6 per cent in January.

Internationally renowned business magazine Forbes praised the Canadian banking system and economy this week, listing the top ten reasons Canadians should be encouraged about the economic future.