Canada's living standards are collapsing in a socialist doom loop.
The govt is trying to hide this by "growing" the economy with massive numbers of immigrants. However cramming millions of Bangladeshis into Toronto doesn't make for a more powerful first world city, it just turns the entire the city into the 3rd world also. Now they are all on welfare and the rent is higher for everyone.
Canada's GDP per capita was 94% of America's in 1981. Today it's 67%. The widest gap since World War II.
Ontario is now poorer than 43 US states. Including Louisiana and Alabama. This isn't a hiccup, it's a collapse.
From 2017-2024, US productivity grew 10.1%. Canada's fell 0.6%.
The US spends 3.4% of GDP on R&D.
Canada spends 1.7%.
Housing prices are 50% to 100% higher in Canada compared to the USA, meanwhile incomes are 30% lower.
Canadians spends 48% of their income on a mortgage. The average American: 34%.
Canada has talent, natural resources (oil, gas, minerals hydro), safe geography, rule of law. It should be one of the wealthiest countries on the planet.
What it doesn't have is a system that rewards being successful. It is a system being strangled by bad immigration policy, bad trade policies, massive regulations, woke DEI mind viruses and crushing taxes.