The living standards gap between Canada and the United States has more than doubled over the past 25 years as Canada increasingly falls behind its southern neighbour, a new study suggests.
The steepest drop, however, occurred post-2014, according to a newly released report from the Fraser Institute.
Up until then, Canada maintained a comparable performance to the United States and, in some cases, even outperformed it across several indicators, said Fraser Institute director of fiscal studies Jake Fuss in the report he co-authored with senior policy analyst Grady Munro and senior economist Joel Emes.
The authors said there was optimism at the turn of the 21st century that the period could usher in a “Canadian Century,” in which Canada’s economic development might match that of its southern neighbour….