Can Canada even be called a developed country when it comes to finance jobs anymore?

The amount of immigrants I've seen crawl into there from my ivory tower across the pond is sickening. They have so many indians, middle easterns, east asians and africans with degrees from their native diploma mills that toronto has the highest cfa charterholder per capita or something. their salaries are atrocious, with both buyside and sellside comp lower than most emerging markets. why is canada regarded as a developed market when its capital markets are illiquid and lack any substantial activity?

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