Opinion: Ottawa, we have a problem: Is Canada’s economy heading toward disaster?

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Opinion: Ottawa, we have a problem: Is Canada’s economy heading toward disaster?
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين
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Ottawa, we have a problem: Is Canada’s economy heading toward disaster?

did. They behaved as if their countries’ wealth was endless, and look where they are now.

Meanwhile, Canada has a productivity problem that has gotten worse over the past 10 years. Its GDP per capita has increased at a much slower pace than those of countries such as Australia, New Zealand, Britain and the United States since 1980 and particularly since 2015. GDP per capita grew about 4.8 per cent per annum between 1980 and 2022 in those four countries but only 4.1 per cent in Canada. Since 2015, it has grown about 4.1 per cent in those four and only 3.2 per cent in Canada.

The federal government has found ways to create jobs, however – just not in the right place. Between 2017 and 2022, it embarked on a hiring boom the likes of which Canada has never seen before, adding the same number of civil servant jobs as the U.S., a country with 10 times Canada’s population. Do we really need a hiring boom in the public sector?

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globepolitics /  🏆 12. in CA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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