Canada’s Living-Standards Gap with US Has More Than Doubled This Century, Accelerating Since 2014: Report
The living standards gap between Canada and the United States has more than doubled over the past 25 years as Canada increasingly falls behind its southern neighbour, a new study suggests. The steepest drop, however, occurred post-2014, according to a newly released report from the Fraser Institute. Up until then, Canada maintained a comparable performance [...]
TL;DR
- The living standards gap between Canada and the U.S. has more than doubled in the past 25 years.
- Canada has increasingly fallen behind its southern neighbor.
- The steepest decline occurred post-2014.
- Before 2014, Canada's economic performance was comparable to or better than the U.S. in several indicators.
- There was once optimism for a 'Canadian Century' of economic development matching the U.S.