Canada NewsWire
VANCOUVER, July 4, 2019
**Three out of four respondents come to Canada to stay**
**Switzerland overtakes Singapore as the best place in the world to live and work**
VANCOUVER, July 4, 2019 /CNW/ - As a nation built on a foundation of migration, Canada's historically strong population growth from both natural increase and net overseas migration makes it again one of the most welcoming countries in the world, according to HSBC's annual Expat Explorer survey. Canada was named the 3rd best country in the world overall for expats, rising one spot from its 2018 ranking. Switzerland rose seven places to overtake perennial winner Singapore to be named as the best place to live and work as an expat. Spain and New Zealand rounded out the top five.
HSBC's global 2019 Expat Explorer surveyed over 18,000 expatriates in 163 countries, asking them for their views on quality of life, financial well-being and the ease of raising a family abroad. Of those who nominated Canada as their favoured destination, most chose the country for its safe public spaces (64%) and remain here to improve their quality of life (63%).
What migrants have to say about their life in Canada:
"Migrating and settling down in a new country is an exciting thought for many and Canada is one of the most welcoming countries for migrants of diverse cultural backgrounds. Approximately 200,000 new migrants come here every year because of our economy, lifestyle, economic freedom and excellent quality of life," said Larry Tomei, Head of Retail Banking and Wealth Management at HSBC Bank Canada. "When a migrant or newcomer moves to a new country, banking is an important first step in getting settled. In our view, our Newcomer Program1 is one of the best in Canada because it offers a variety of benefits, bonuses, and special rates designed to help people start their new life."
What Canadians have to say about their life abroad:
2019 Expat Explorer League Table – the top 10
The best places to live | Change from |
1. Switzerland | +7 |
2. Singapore | -1 |
3. Canada | +1 |
4. Spain | +10 |
5. New Zealand | -3 |
6. Australia | -1 |
7. Turkey | +17 |
8. Germany | -5 |
9. UAE | +1 |
10. Vietnam | +9 |
League Table online:
Report and country comparisons: https://expatexplorer.hsbc.com/survey/
Twitter: @expatexplorer
Facebook: /hsbcexpat
Expats' ratings of 33 host countries are available to explore online through the Expat Explorer interactive tool.
Notes to editors:
1. https://www.hsbc.ca/new-to-canada/
About the HSBC Expat annual league table
The survey was open to adults over 18 years old currently living away from their country of origin/home territory. The survey was completed by 18,059 expats from 163 countries and territories through an online questionnaire in February and March 2019, conducted by YouGov and commissioned by HSBC Expat. A minimum sample of 100 expat respondents is required for a country or territory to be included in the league table, with 33 qualifying in 2019.
HSBC Bank Canada
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances internationally through three global business lines: Commercial Banking, Global Banking and Markets, and Retail Banking and Wealth Management. The HSBC Group is one of the world's largest banking and financial services groups with assets of US$2,659bn at 31 March 2019. Linked by advanced technology, the HSBC Group serves customers worldwide across 66 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa.
SOURCE HSBC Bank Canada
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