On A Per Capita Basis, Canada Is Getting Poorer

Economic growth is lower than population growth, meaning the country is becoming poorer in real terms.

One of the ways the establishment media and the elites seeks to hide the truth is by using selective statistics that appear to show reality, but actually obscures what is really taking place.

The constant reference to GDP growth is a key example of that.

As I recently reported, Canada’s GDP ‘grew’ by just 0.1% in March.

And the annualized rate of growth is a minuscule 0.4%.

By contrast, the United States is growing at an annualized rate of 3.1%.

Now, here’s the problem.

When those GDP numbers are discussed, population growth is left out.

So, it’s possible to look at Canada’s GDP numbers and think, “well, the economy isn’t growing that quickly, but at least the country is getting a little bit richer.”

However, that’s not what is really taking place.

Canada’s population is growing by 1.2%.

Population growth in the US is 0.7%.

If we subtract Canada’s population growth from our GDP growth, we get -0.8%. It’s negative.

Meanwhile, if we subtract US population growth from their economic growth, we get 2.4%.

So – in real terms – the only terms that matter for real people since it’s what impacts our standard of living, the United States is getting richer, and Canada is getting poorer.

It’s really quite simple. If our income per person was just staying steady, then Canada should have grown by 1.2%. The rate of population growth and a stable income should give us a baseline GDP growth rate of 1.2%. That’s the minimum it should be.

Anything less means the standard of living and relative income of the average Canadian is declining, which also means our economy is getting worse.

Of course, you and I can certainly notice how that’s almost never discussed in the media. In fact, much of the Canadian establishment media keeps criticizing US economic policy, while falsely trying to claim that Canada’s economy is doing well.

Yet the facts make the reality clear: The US economy is actually growing. Canada’s economy is getting smaller on a person by person basis.

It is absolutely essential that we get this message and this reality out to as many people as possible. The Trudeau government is desperate to remain in power, and they will be using the media and their power over government institutions to try and create a false narrative. They will use manipulative statistics – especially selective statistics – in order to create an impression that may ‘feel right,’ but isn’t actually right.

The establishment media won’t get that info out, so it’s up to independent Canadians. We can’t improve our country unless people know the reality of what’s happening in the country, and we can’t know the reality unless we cut through the government lies, deceptions, and manipulations and ensure that reality is revealed.

Canada’s economy is in serious trouble, Canadians are struggling, debt is rising, and the risk of serious crisis becomes more prevalent each and every day. And that’s a direct result of Trudeau and Morneau’s failed economic policies – and that is simply undeniable when we look at the real numbers.

Spencer Fernando

Photos – Twitter