Canada's standard of living is on track for its worst decline in 40 years, according to a new study by Canada's Fraser Institute.
The study compared the three worst periods of decline in Canada in the last 40 years - the 1989 recession, the 2008 global financial crisis, and this post-pandemic era.
According to the Financial Post, since 2019 Canada's had the worst growth out of 50 developed economies.
It's nowhere near over: Canada's per-person real GDP is still falling and with a looming US recession - the US is 75% of Canada's exports - Canada could crash again before it ever recovered.
In previous videos, I've talked about the disaster that is Justin Trudeau's Canada.
It's not rare for a middle-class family in Canada to pay half their income in taxes.
While government spending nearly doubled to almost half of GDP. Government workers in Canada are growing almost four times faster than the private sector, and one in three Canadians now work for the government, raking in 30% more in salary and benefits than the taxpayers they lord over.
https://brownstone.org/articles/canadas-worst-decline-in-40-years/
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