Canada is facing serious economic challenges. The nation’s labour productivity figures have been falling since 2016. Only Italy has seen a sharper drop in productivity among G7 countries when compared to the United States.
Gross domestic product (GDP) per capita figures offer a measure of individual wealth, and the figures are bleak. Canada’s GDP per capita has dropped to US$55,000, while in the United States it has grown to US$76,000. Meanwhile, housing affordability has hit crisis levels in many regions, and shortfalls in all services from health care to policing are pressuring citizens.
I hope that’s not like California moving to Texas.
