Part 2/13:
Between 2020 and 2024, Canada's per capita GDP declined by 2.0%, marking the worst five-year performance since the era of the Great Depression. In real terms, Canada is now poorer today than it was six years ago, with its economy stagnating—comparable even to Germany’s sluggish growth over the same period. Meanwhile, the United States, on the other hand, has experienced a 10% increase in GDP per person since late 2019. Traditionally, Canada’s growth rate hovered around 2-3% annually, but with the pandemic and subsequent economic shocks, that growth has halted almost completely. In fact, the country has seen a continuous decline in its economic productivity, with gross domestic product shrinking at about 0.4% annually since before the pandemic.