Stats Canada confirms a declining real per capita GDP 7 of the last 8 qurters
The 8 out of 9 number comes from their Conservative Party
Real GDP per capita continued to trend lower in first half of 2024 as population increases, driven by temporary and permanent immigration, outpaced economic growth. Per capita growth edged down 0.2% in the first quarter and 0.1% in the second. With declines in seven of the past eight quarters, real GDP per capita in the second quarter was 2.8% below its pre-pandemic baseline.
Recent developments in the Canadian economy: Fall 2024
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