https://financialpost.com/news/canad...cline-40-years
Canada's standard of living on track for worst decline in 40 years
Slump in GDP per person threatens to be longest and largest since 1985, says study
For example, between 2000 and 2023 Canada had the second highest rate of aggregate GDP growth in the G7, but one of the lowest growth rates per person.
Not only does Canada lag most developed economies, Canadian provinces also fall far behind almost all U.S. states, said Trevor Tombe, a professor of economics at the University of Calgary, in a column last year for the Hub.
Ontario last year had a per-person level of economic output similar to Alabama, said Tombe. The Maritimes were below Mississippi, and Quebec and Manitoba lag West Virginia.
Canada’s strongest economy, Alberta beat the U.S. average, but ranked 14th overall.
“It’s roughly comparable to New Jersey and Texas, but 13 per cent below California and nearly one-quarter below New York,” wrote Tombe.
Yea things are going great, taxes is gonna make us great again to be #2
