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Canada’s prosperity problem points to a lower-wage future

Thirty years ago, Canada could be rightly thought of as one of the more prosperous countries in the world. Canadians were not quite as rich as Americans, but we had many other advantages – and were better off than pretty much everyone else.

That’s the past. The present and future look to be a great deal less pleasant: Canada is not just losing ground relative to other countries but there is an increasing likelihood of an outright decline in living standards.

But bringing in a Million migrants a year is a great idea.

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