The Canadian and British Columbian economies are in distress, but you could be forgiven for not noticing.
At a surface level, much appears in shape. Official inflation numbers are abating, and it’s true Canada didn’t get as hard-hit as other G7 countries. Unemployment levels seem relatively low and suggest an ongoing labour shortage in an economy of high demand. And the country’s gross domestic product (GDP) indicates growth, albeit at a slight rate.
Look more closely, though, and many economists say a different perspective emerges in the picture.
