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Canada’s worst decade for real economic growth since the 1930s

 

Over the last ten years real GDP per capita grew just 0.8 per cent a year on average in this country, its lowest rate of growth since the 1930s. Total GDP has been growing because of our growing population. But GDP per person has been essentially stagnant. This extended period of slow growth has widened the gap between per capita growth in the United States and Canada, demonstrating that the causes of our slumping growth are domestic, not external.

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