… The OECD emphasizes how oddly slow Canada’s growth is despite these conditions. Real GDP advanced just 1.1% in 2023, nearly a third of the population growth. At the same time, they also point out that unemployment climbed to 6.1% in March as the country added more people than jobs.
Like a degenerate gambler, Canada found a little growth from its rising population. Then, it placed a bet to go all-in on that growth, despite diminishing returns that placed it in a worse situation than it was previously trying to solve.
