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 [...]
A new Fraser Institute study indicates that the gap in living standards between Canada and the United States has more than doubled in the last 25 years. This decline accelerated notably after 2014. Prior to this period, Canada’s economic performance was comparable to, and sometimes surpassed, that of the U.S.
- 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.
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