Two statistics illustrate Canada’s disastrous economic outcomes in recent years and the bleak outlook. First, as Fraser Institute senior fellow and former Statistics Canada chief economic analyst Philip Cross observes in a recent study, Canada’s 10-year average real GDP growth per capita was its lowest since the Great Depression. And it’s not a problem we’ve imported: from the fourth quarter of 2015 to the fourth quarter of last year cumulative growth was about two per cent in Canada versus 12 per cent in the United States.
