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aatventure
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.