GOLDSTEIN: Canada still reeling from lost decade of economic opportunity under Trudeau
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It’s no accident Prime Minister Mark Carney presided over the worst record of economic growth during his first year in office of any Canadian PM in more than half a century.
GOLDSTEIN: Canada still reeling from lost decade of economic opportunity under Trudeau Back to video
Actually, it was negative growth of 0.05% as reported by Bloomberg News.
Despite that, a Nanos-Bloomberg poll showed most Canadians are satisfied with Carney’s performance on the economy.
They blame U.S. President Donald Trump for ongoing economic uncertainty over tariffs and the uncertain fate of the Canada-U.S.- Mexico Agreement on trade, which Canada and Mexico wanted to renew while Trump didn’t, leading to more uncertainty as the trade deal will now be subject to annual reviews.
But the root problems in our economy have been around a lot longer than Trump.
A major factor is Canada’s low productivity because of weak business investment.
Low productivity doesn’t mean Canadian workers are lazy. It means businesses aren’t investing in new technologies giving workers the ability to work more efficiently, leading to a more prosperous economy and higher........
