Globe editorial: Canada’s prosperity problem points to a lower-wage future

Money quote:

In 1993, Canada’s real GDP per capita was 106 per cent of the OECD average. The C.D. Howe Institute forecasts that in 2024 Canada will be just 89 per cent of the average of advanced economies. Canada has also fallen compared with the United States: In 2023, this country’s GDP per capita is forecast to be less than three-quarters that of the U.S. (Those statistics are relatively generous to Canada, since the institute has adjusted them for domestic purchasing power.)

Source: Canada’s prosperity problem points to a lower-wage future