Affordable global cities ranking1/18/2024 ![]() ![]() Additionally, the country experienced a slight decrease in the inflation rate in 2023, with inflation lowering to 5.2 per cent in February 2023 (it was 5.7 per cent a year before and had peaked at 8.1 per cent in June 2022), said the Mercer report. “Extensive remote work flexibility is causing many employees to re-shift their priorities and think differently about where they want to work and live, and this will continue to force organizations to develop effective compensation strategies for their globally distributed workforces.”Ĭanada is experiencing a slight period of economic stagnation, with the GDP contracting 0.1 per cent in Q4 of 2022, and its total growth reduced to 3.5 per cent over the entire year (from 5% in 2021). “Through the Cost of Living Survey, we see that despite domestic inflationary pressures that are affecting overall quality of living, Canada continues to be an attractive destination for remote workers,” said Nicole Stewart, Principal, Career at Mercer Canada.
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