Eight years in, the federal Liberal government remains oddly detached from its failure to grow Canada’s prosperity. The government has had no consistent or credible policy to grow Canadians’ real income. GDP per capita from 2015-2022 grew by only a 0.3% annual rate, according to the C.D. Howe Institute in a November 7 report. In July, TD Economics advised GDP per capita had already declined the last three quarters, and forecast it would continue to decline consistently to the end of 2024.
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