Key Points
However, 9 years later, the Canadian economy finds itself on a shaky wicket with high inflation, increasing housing prices and a weaker per capita gross domestic product (GDP)...
From the time he took over in 2015, Canadas per capita GDPwhich at one point was equivalent to or ahead of its Southern neighbour, the US, a little over a decade agohas been comprehensively outstripped by its closest ally and neighbour...
It is a combination of these two factorsreal GDP growth only marginally higher than during Harpers tenure and a surge in Canadas populationwhich resulted in the per capita GDP remaining stagnant during Trudeaus prime ministership...
Under Trudeau, the average debt-to-GDP ratio has been close to 101 percent over the last nine years, peaking at 118.2 percent in 2020 during the COVID-19 pandemic before declining to its 106.1 percent forecast for 2024 by the IMF...
Between 2016 and 2024, the average inflation in Canada has consistently been at 2.7 percentfar higher than the 1.69 percent rise in consumer prices seen during Harpers terms...
