Canada’s standard of living on track for worst decline in 40 years
Canada is experiencing one of the country’s worst declines in the standard of living in 40 years, according to a study.
The authors of the study by the non-partisan Fraser Institute said the figures should serve as a “wake-up call” for the country’s Liberal government, led by Justin Trudeau, to enact “fundamental policy reforms”.
While Canada’s gross domestic product (GDP) has grown in recent years, driven by high population growth and labour supply, its GDP per person has fallen dramatically, the study said.
Thank Trudeau.
