2019-2023 Canada experiences one of the worst, longest declines in standard of living in four decades, as per Fraser Institute report.

Fraser Institute report reveals Canadians experiencing one of the worst, longest declines in standard of living in decades, with 3% loss and 2nd-longest decline in nearly 40 years. The decline, lasting 18 fiscal quarters from 2019-2023, may become the steepest and longest in four decades if not stabilized in 2024. Report calls for addressing the issue to ensure a prosperous future for Canada's children.

May 16, 2024
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