Podcasts · Patrick Boyle On Finance
Canada is a Warning to the Rest of the World!
· 32 min · S6 E14
Episode Canada is a Warning to the Rest of the World!
Canada has every advantage a country could ask for — vast natural resources, a stable democracy, world-class universities, and a highly educated population. So why has its GDP per capita fallen from 80% of the American level to around 70% in little more than a decade? In this video, we look at how a protected economy, a housing market that rewarded sitting still over building things, and a productivity gap that has been quietly compounding for thirty years have combined to create what the Bank of Canada called a "productivity emergency" — and what it might mean for the rest of the developed world.
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Transcript
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