#Canada #growth #gdppercapita #gdp #economy The economic climate in Canada needs critical attention during this period of growing inflation, interest rates, slowing growth, growing debt and interest payments. NBC Financial reports that: The recovery in Canada is similar to other comparable countries in term of nominal GDP, however...
The real GDP per capita fell off a cliff in 2023 and still is in 2024. Canada is dead last in real growth.
The jobless rate is still higher than in 2019 and not dropping.
In fact, it's rising faster than anywhere else.
The inflation is quickly coming back under control.
Addressing the underlying problems that plague productivity is the only approach that the various levels of government can do to increase real growth, and eventually real growth per capita. The macro economic factors do not show a positive picture of Canada in 2024 and businesses may see growing challenges if they are not already.
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