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Trudeau Floodtide: Undercounting of an estimated million non-permanent residents means GDP & housing crisis are worse than reported

Undercounting of an estimated million non-permanent residents could affect per-capita GDP, say economists

Economists are warning that Ottawa’s reported undercounting of non-permanent residents by around one million in the official figures could have an impact on Canada’s per capita GDP – a global measure used to gauge a country’s prosperity.

They say that understating the number of non-permanent residents could skew assessments of how Canada’s economy is growing along with its population, and that actual per capita gross domestic product might be lower than reported.

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