They found that, unlike the previous recessions, Canada is not recovering this time. Something broke.<\/p>\n
In fact, according to the Financial Post, since 2019 Canada\u2019s had the worst growth out of 50 developed economies. Inflation-adjusted Canadian wages have been flat since 2016.<\/p>\n
So, yes, something broke.<\/strong><\/p>\n And it\u2019s nowhere near over: Canada\u2019s per-person real GDP is still falling and with a looming US recession \u2013 the US is 75% of Canada\u2019s exports \u2013 Canada could crash again before it ever recovered.<\/p>\n https:\/\/www.zerohedge.com\/political\/canadas-worst-decline-40-years<\/a><\/p>\n https:\/\/www.fraserinstitute.org\/sites\/default\/files\/changes-in-per-person-GDP-Income-1985-to-2023.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" They found that, unlike the previous recessions, Canada is not recovering this time. Something broke. In fact, according to the Financial Post, since 2019 Canada\u2019s had the worst growth out of 50 developed economies. Inflation-adjusted Canadian wages have been flat … Continue reading AND<\/h3>\n
Changes in Per-Person GDP (Income): 1985 to 2023<\/h4>\n