Investing in Education in Canada
Canada is known in international market for its own branding, productivity and leadership quality. That is the main reason; soft skilled highly educated workers are interested to work and settle in Canada. Due to the booming industrial growth highly educated professionals are always in good demand here, and to train the local talent Canada government has taken all kinds of effort to upgrade the standard of education to meet the global standard. That is the reason as a percentage of its GDP; Canada spends more dollars on education than any other country in the world.
According to the survey by IMD, World Comprehension Year Book2006, Canada is ranked as no-1in higher education achievement. More than half of Canadians between the age group of 25-35 have a post secondary education either in a university or in B-school, college or in any technical school.
One of the world’s top performers in math, science and literacy - Based on the US department of education 2006 study, Canada systematically outperformed the US in math, science and literacy. Canada outperforms the United States in educational system, educational assessment, language skills, economic literacy, and quality of engineers.
First in North America for secondary school enrolment, Canada ranks 3rd in the world, far head of the US (26th) and Mexico (53th). Two Canadian universities are in the top 25 business schools of the Financial Times MBA ranking 2006 - Canada’s York University and the University of Western Ontario are ranked among the best MBA schools in the world in 18th and 24th position respectively. Canada also ranked 3rd worldwide in terms of number of programs offered.
From the above statistics it is quite evident that education scenario in Canada is much highlighted as well as its penetration level is also good. Canada is also home to one of the most technologically advanced economies of the world. Education in Canada is funded by federal and provincial agencies and by local government. The education system is divided into certain phases, like elementary, secondary and post secondary level and up to age 16 individual educations is compulsory here.
Therefore investing in mutual funds related to education industry of Canada is always profitable because it is almost a risk-free investment. If education is looked from the point of R&D, as it involves continuous age wise development and implementation of theories, Canada is the best place to do so. Today Canada is ranked as first in the Economic Intelligence Units’ global business ranking for 2004-2006.
Availability of first class knowledge workers, access to low-cost R&D is also associated elements that can make an investment to this field successful. The institute for Management Development has rated Canada the bet fiscally managed country among the G-7 countries 2003.
In technology and manufacturing sector also Canada is doing superbly, hence the requirement for B- schools, and professional institutes maintaining global educational standard are in high demand in Canada.
Thus it has become a great segment for investment. The liberal tax policy has boost-up the scenario also with a strong motivation. Investors invest for a productivity and long- term profitability. There are ups and downs in all business fields, but business field associated with education in a highly sophisticated country has always its sound market, so it is wise to invest in education business in Canada.