FUSS AND MUNRO: Trudeau government should swiftly change course in upcoming budget
The Trudeau government will table its next budget on April 16 and it must address Canada’s stagnant economy. While the economy won’t turn around overnight, the government should recognize that its current policy approach isn’t working.
According to a recent Leger poll, nearly two-thirds of Canadians have a “poor” or “very poor” view of Canada’s economy. And it’s no wonder they feel this way. Canada is experiencing an economic growth crisis. From 2013 to 2022, inflation-adjusted per-person Gross Domestic Product (a broad measure of living standards) grew at its slowest pace since the Great Depression in the 1930s. Since the Trudeau government took office in 2015, per-person GDP (inflation-adjusted) in Canada has grown by only 1.9% — nearly one-eighth the growth rate in the United States over that same period.
Moreover, from 2020 to 2030, Canada is projected to record the slowest rate of per-person GDP........
© Edmonton Sun
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