Quote:
Originally Posted by fotze2
We should elect Trevor Tombe.
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Speaking of which, it's a bit old but still relevant as the economy keeps falling.
https://twitter.com/user/status/1831705145857409472
Canada’s economy has fallen behind its population growth for the fifth straight quarter, with real GDP per capita declining by 0.1 percent in Q2 2024, according to the latest data from Statistics Canada released last week.
This downturn becomes even more striking when viewed in comparison to the United States, which continues to see gains.
A longer historical perspective reveals a striking reality: the gap between the Canadian and American economies has now reached its widest point in nearly a century.
Put another way, real GDP per capita in the United States was 43 percent higher than in Canada in 2023. And in 2024, I estimate this gap will widen to nearly 50 percent.
Let that sink in for a moment. The U.S. is on track to produce nearly 50 percent more per person than Canada will.
This stunning divergence is unprecedented in modern history.