Canada’s living standard gap with the United States has more than doubled over the past quarter-century, with the average American now earning roughly CA$23,757 more per year in GDP per capita terms than the average Canadian, according to a new report from the Fraser Institute.<\/p>\n
\u00a0<\/p>\n
It shows that, in 1999, Canada’s GDP per capita stood at CA$48,076 compared to CA$58,842 in the US (a gap of CA$10,766). By 2024, Canada’s figure had reached $59,529 while the US surged to $83,286, widening the gap to CA$23,757. That represents an increase in the shortfall of more than 120 per cent over 25 years.<\/p>\n
“After squandering the first quarter of the 21st century, it’s up to policymakers in Canada to enact bold economic reforms,” said Munro, senior policy analyst at the Fraser Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"Canada’s living standard gap with the United States has more than doubled over the past quarter-century, with the…\n","protected":false},"author":2,"featured_media":879490,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[91699,49,48,305175,44,149],"class_list":["post-879489","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-business-investment","tag-ca","tag-canada","tag-canada-living-standards","tag-news","tag-productivity"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/879489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=879489"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/879489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/879490"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=879489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=879489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=879489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}