It is pretty much consensus now that inflation is not transitory. Some damage is done and if left undeterred, further inflation will cause great harm to the economy and to the livelihood of every one of us. Our PM and his financial wizards are going to have to come terms with monetary policy even though he does not think it important ....to him, that is. There is a faction in the financial community that does not think rates will be raised for fear of bringing the economy to a screeching halt. Judging from the current stock market, investors don't think rates are going up either even though it has been signaled they will. Will rates go up or won't they? What is worse ... status quo or combating inflation with rate hikes?
"Calgary's affordable cost of living, well-educated workforce and quality of life were cited as key factors behind the company's decision"The consulting and accounting giant, which operates in more than 150 countries, has already started hiring staff for the centre.calgaryherald.com
Ontario's small/mid-sized cities are really interesting from an urbanization perspective (especially compared to bigger, younger cities like Calgary). On the one hand, they have good bones from having city centers that were developed pre-WWII and that didn't face the same massive demolitions that occurred due to the skyscraper booms in places like Calgary and Toronto. A lot of them have universities that have kept an urban/bohemian culture alive over the decades (indie theatres, concert clubs, bookstores, etc).Generations ago London, Ontario was the backup. Now they're part of the main hub, not affordable for early, mid career professionals, and Calgary is the main game in town. It is unfortunate we had the tough medicine of the past 5 years, but the next 10 are going to be even stronger because of it.
Good news, although here's the bigger perspective:Another record year for VC funding in Calgary in 2021. Total $322 million and most encouraging the number of pre-seed deals tripled although the number of Serie A deals actually decreased.
Looking back at a post by Surreal, I see different numbers for Calgary coming from this website In the reports at the other site, Calgary's numbers look more competitive relative to the other 4 markets. Both sets of data appear to be related to VC funding, curious what the difference is?