Canadian living standards are poised to drop even as virtually every other country gets richer
This advertisement has not loaded yet, but your article continues below.But the good news evaporates as soon as population growth is factored in. Once the numbers are spread across an extra one million Canadians, it emerges that – from the perspective of the average Canadian — the economy has actually been shrinking for much of the last 12 months.has referred to as a “per capita recession” — a phenomenon that has described the Canadian economy since at least the middle of 2022.
And according to the federal government, they’re already planning on keeping this going well into the foreseeable future. The most recent federal budget projected that GDP growth would average two per cent over the next five years.Article content This was something that Ottawa could at least acknowledge as recently as 2022. That year’s budget even included a chart documenting the OECD’s dire predictions about Canada ranking dead last in terms of GDP growth per capita by 2060.
As noted by the Business Council of B.C., when Canada’s 2023 budget hit the printers, the text not only omitted the OECD projection, but failed to include any mention whatsoever of “real GDP per capita.”Justice Minister David Lametti is out. So is Marco Mendicino, the Public Safety Minister who catastrophically fumbled everything from knowing basic facts about firearms to reading his emails on occasion.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
’Perfectly excited’: Canadian scientists await first look at bits from asteroid BennuOn Sept. 24, seven years after it blasted off, NASA’s OSIRIS-REx spacecraft is expected to drop a capsule into the Earth’s atmosphere containing matter plucked from the surface of the asteroid
続きを読む »
FIRST Film Festival: Chinese Women Take Spotlight in First Frame Competition'This program is a rare thing. It’s dedicated to women and there are not many places like this,' says Alan Zhang, director of 'This Woman,' which won the section's top prize on Saturday.
続きを読む »
Blackhawks to host public memorial for Rocky Wirtz at United CenterFirst-come, first-served seating will be available for free.
続きを読む »
13 Spooky Stories About Celebrity Ghosts That Gave Me Chills Reading'They saw the reflection of a sad-looking blonde woman. When the housekeeper asked the woman what was wrong, the woman disappeared.'
続きを読む »
Reading police chief to retire Monday as mayor searches for change in leadershipMayor Eddie Moran says he and the chief 'agreed a change of strategy was needed.'
続きを読む »