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Originally Posted by New Brisavoine
This is what Standard & Poor's says:
That US$54,300 figure seems to refer to the GDP per capita of Canada in 2024, at market exchange rates (not PPP). In 2019 the GDP per capita of Canada was US$46,430. So if Mississauga's GDP per capita is indeed in line with the national level, that means in 2019 it had a GDP per capita about the same as Seine-Saint-Denis.
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The City of Mississauga's report indicated that as of Nov 2019, GDP per capita was CAD $77,000, which in today's FX would be around US $57,000. This is charitable, as the CAD right now is lower than its 2019 FX rate. As you probably know, the CAD is a much more volatile currency, and isn't as stable as the EUR.
https://investmississauga.ca/wp-content/...Strategy-2020-25-Strategic-Framework.pdf
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And Mississauga has only 700,000 inhabitants, as opposed to Seine-Saint-Denis's 1.7 million, so the economy of Seine-Saint-Denis obviously dwarfs the economy of Mississauga. In fact the economy of Seine-Saint-Denis is larger than the economy of all Canadian cities except Toronto, Montréal, and Vancouver. That's just pretty far from the cliché of a sh*thole.
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If you want to compare apples to apples, then you would compare Peel Region with Seine Saint Denis. Peel Region has a population of around 1.5M. and its GDP was around CAD $105B in 2023.
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Seine-Saint-Denis hosts the back offices of many international banks and insurance groups, plus part of the Paris CDG airport and the business jet airport Le Bourget (the biggest in Europe, and host of one of the 2 largest airshows in Europe, the other being Farnborough in the UK). It also hosts various universities, as well as the largest logistical parks (warehouses) of Greater Paris, and some of its largest convention centers, as well as the largest film studios and TV studios in France.
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Again, Mississauga and Peel region serves a similar role to the Canadian economy. In Toronto, YYZ Pearson Airport in Mississauga is Canada's primary hub airport. There is no competing Orly or Beauvais sized airport in the GTA at the moment, just boutique ones on Toronto island and Hamilton. Peel region also has the Canadian headquarters of a disproportionate share of Fortune 500 companies, and the airport employment zone is the 2nd largest employment hub in Canada. But that's to be expected for a suburb of the country's largest metropolis. Regardless of this, it doesn't forestall the ethnic ghettoization issues that Acajack and I are discussing about.
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And it has a public transportation network (subway and commuter trains) that suburbs like Mississauga could only dream of, with close to 100 km of new subway lines currently being bored below Seine-Saint-Denis (lines 15, 16, 17 of the Paris Métro), plus the CDG Express train line u/c that will link CDG to central Paris. Last but not least, the Paris Region has its headquarters and regional council hall located in Seine-Saint-Denis (since 2018), served by the new extension of the automated driverless line 14 of the Paris Métro. There's worse in terms of sh*thole.
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As you pretend to be familiar with North America, you should know that the car is king on this side of the pond. Mississauga and Peel Region has an extensive highway network that Parisiens could never dream of, and its stretch of Highway 401 by YYZ airport has 18 lanes which makes it one of North America's busiest and widest highways, just behind the mega expressways in Texas. The province is also continuing development of the Bradford Bypass as well through Brampton, and is continuing to add lanes on the Mississauga stretch of Highway 401 as well as expanding the collector/express system.
Of course the majority of Torontonians these days abhor the lack of public transit to Peel, and is hoping the GO RER expansion run by Deutsche Bahn and Alstom will fix the transit desert there.