Canada’s Per Capita GDP Is Collapsing

You’re getting poorer because of the Liberal government.

The Liberal government is wrecking our economy.

This isn’t an opinion.

It’s a fact.

The evidence backs it up.

And now, there’s even more evidence to confirm what is going on.

According to National Bank Financial, Canada’s per capita GDP fell 4.4% in Q3 of 2023.

They had previously estimated there would be a drop of 2.4%, but with updated population data – showing a massive surge due to rampant immigration – the drop is even worse:

“National Bank Financial recalculated Canada’s GDP per capita after the release of 3Q population data, which showed 3.2% population growth from year ago. Firm says Canada per-capita GDP fell a whopping 4.4% in 3Q. On WSJ wires:”

https://twitter.com/paulvieira/status/1737948835349991818

Now, you’ll note that even as interest rates rise in the United States, they are growing while our economy is contracting.

The U.S. economy is growing at a 4.9% rate, while our economy is stagnant.

But this is much worse than even those numbers indicate.

That’s because Canada and the U.S. have almost the same raw immigration levels, despite Canada having just 1/9th the population.

And so, the U.S. economy is growing more and more productive, driving up per capita GDP which means Americans are getting richer, while Canada’s stagnant GDP even with surging immigration means Canadians are getting poorer on a per person basis.

By strangling the energy sector, raising taxes, and flooding the country with unsustainable levels of immigration, the Liberals continue their deliberate ruination of our economy and our nation.

Spencer Fernando

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