Canada’s economy has been making headlines for leading the G7, but many aren’t feeling the effects. That’s because gross domestic product (GDP) per capita has barely moved. Rather than growing the economy through economic improvements, Canada has only added more consumers through immigration. Adjusting for population, US households have seen their economic picture grow 10x faster over the past decade. The OECD previously warned Canada was heading into dangerous territory with their reliance on a debt-driven housing bubble.
