By Aaron Wudrick and Heather Exner-Pirot, September 13, 2023
There’s no point candy-coating it: Canada is falling behind.
The numbers don’t lie. Just ten years ago, Canada’s GDP per capita was on par with that of the United States. Fast forward to today, and the American GDP per capita is an astonishing 39% higher than Canada’s. Business investment remains anemic and shows no signs of picking up.
There’s no quick fix. Canada’s predicament today is a consequence of years of misguided policies implemented by successive governments, often layered on top of each other and working at cross purposes. To start to unwind them will be a massive undertaking.