Canada’s Growth Challenge: Why The Economy is Stuck in Neutral

June 05, 2024 | Brian Moore


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Canada has a growth problem.

RBC Economics & Thought Leadership

Canada has a growth problem. The economic momentum that propelled the country through the 20th century has faded in the 21st, and appears to have worsened since the pandemic. Higher interest rates have slowed per-capita output since 2019, but the problems run deeper than that. Our economy is now smaller than it was in 2019 when adjusted for inflation and immigration, and pretty much in the same place it was a decade ago.

 

Click here for the full report; Canada's Growth Challenge.