High immigration levels, excessive federal government spending, and a reckless expansion of the federal bureaucracy are giving the appearance of economic growth, but on an individual level, Canadians are falling behind.
For quite some time now, there has been a growing gap between Canada’s top-line GDP numbers, and the experience of individual Canadians and Canadian families.
The Liberal government continues to tout Canada’s economic growth. Those claims are not exactly false, as Canada’s economy was – until recently – growing at a relatively slow rate.
Meanwhile, Canadians feel like our country is in a recession.
What explains this disparity?
Well, what the Liberals don’t mention is how Canada’s economy is growing.
As you can see in the video below from the National Citizens Coalition, Canada’s ‘growth’ is based upon huge immigration increases, increased federal spending, and an expansion of the public service.
Unchecked mass immigration, wasteful spending, and out-of-control public sector growth have been used to cover up the Liberals’ biggest scandal of all: we’re in a Trudeau recession.
They could topple the Canadian economy. 😳🆘
We have to #FireTrudeau.pic.twitter.com/yvM5FBgUQD
— National Citizens Coalition (@NatCitizens) August 8, 2024
Any country could – for a while – generate ‘growth’ this way.
But in the long run, it leaves everyone worse off.
Real sustainable economic growth that improves our standard of living requires increasing productivity and attracting investment.
That is unlikely to happen under the Liberal government
Just the opposite.
Hostility to the oil & gas sector has led to over $100 billion in lost energy projects.
The carbon tax has driven up our energy costs, making life more expensive.
Excessive spending has driven up inflation.
Expanding the public service has made our economy less efficient.
Until those policies and the anti-growth mindset are reversed, Canada’s per capita GDP recession will continue.
Spencer Fernando
Photo – Twitter