According to experts, Canada's general measure of economic well-being, GDP (gross national product), looks pretty good overall.

Between 2000 and 2003, Canada ranked second among the G7 countries in this regard. But on a per capita basis, the results are depressing. A sharp increase in the number of new arrivals has led to the standard of living in the country falling to its lowest in the last 40 years.

Experts at the Fraser Institute analyzed the three worst periods of decline and recovery in GDP since 1985.

These were the recessions of 1989 and 1994, the aftermath of the global financial crisis of 2008-2011, and the current one, which began in 2019, during the second term of the Trudeau government.

It is called unique because after a brief improvement in the situation in mid-2022, GDP continued to fall rapidly, and by the end of 2023 it was lower than in 2019.

This process continued for 18 quarters in a row, only one quarter less than in 1989-1994, and does not stop, threatening to surpass these indicators.

Mariana V