Canada’s economy is expanding, but the details are worth reviewing before getting too excited. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew more than expected in Q2 2024. A dive into the details shows productivity further eroded on a per capita basis, while household spending weakened. Most growth is now government […]
Agreed. That said, I think we’re in for a rough ride for a long time till we dig ouesel out of the housing crisis. It currently sinks a lot of the economic output. That is people paying for housing instead of other, productive things.
The fact that real per capita gdp growth is no longer declining is a huge win in my opinion.
Agreed. That said, I think we’re in for a rough ride for a long time till we dig ouesel out of the housing crisis. It currently sinks a lot of the economic output. That is people paying for housing instead of other, productive things.