Canada's GDP per capita growth lags OECD peers, leading to declining living standards and challenges in health-care, legal, and justice systems.
Canada's living standards are declining as its GDP per capita growth lags behind OECD peers, with workers putting in more hours for less output. Business investment shrinks, while government expenditure rises, leading to an unhealthy fiscal mix. Health-care, legal, and justice systems face challenges, and young Canadians report low happiness scores. Two key questions emerge: what causes this decline, and how can it be reversed?
May 12, 2024
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