Per capita income growth is the “weakest since the Great Depression.” Poverty rates in Canada are going up, while median after-tax incomes for households are down 3.4 per cent. This economic decline measures the toll our productivity crisis is taking, which at its core is a crisis born of shrinking business investment in Canada, where “just about every metric for private sector investment looks terrible.”
“The one sure prescription for the eventual failure of the Canadian experiment,” wrote the late historian Michael Bliss in his classic history of Canadian business, Northern Enterprise, “would be to create an ever-widening gap in standards of living between the two North American democracies.” This we have done.
I would think the metrics they're talking about are all lagging indicators. So my unqualified take is things are currently much worse.
It's kind of funny to me, being there now, how many people have turned to the 'hoo-ra-ra Canada is great' type. It's embarrassing actually.
Having many generations of my ancestors buried here ties me to the land and the people, but I've long wanted nothing to do with my government.
Trust me, my Yankee friends, it's much worse here than you read about. Much worse.