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Canadians $4.2K poorer on average than trend implied as population growth outpaces GDP: StatCan
(www.kamloopsbcnow.com)
What a braindead headline to just say that the GDP per capita did not meet a projection based on the 10y average
The report highlights that Canada’s real GDP grew 1.1 per cent in 2023, the slowest pace – excluding the COVID-19-related shock in 2020 – since 2016.
Which is not great but not devastating news anyway? Kind of expected for an economy that barely went by without a major recession and is still struggling with high inflation.