Canadians' standard of living declines to 1970s levels amid economic illiteracy, high housing costs, and low LNG exports.
400-character summary: Canadians' standard of living has declined to levels not seen since Pierre Trudeau's prime ministership, blamed on Liberal government's economic illiteracy and lack of progress in liquefied natural gas (LNG) exports. Mortgage and rent costs have doubled, with Ontario's economic growth ranking among the lowest. Median income in U.S. dollars is around $25.70, making about a third less in purchasing power compared to the U.S.
May 18, 2024
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