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Canada's GDP Struggles: Urgent Reforms Needed for Growth

4/30/2025

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Summary

Story summary

Canada's GDP per capita has struggled since 2015, largely due to falling oil prices and reduced investment in the oil sector. This downturn, combined with a lack of competitiveness in non-energy industries, has stunted economic growth. To turn the tide, policymakers need to boost competitiveness, foster productive investments, and tackle restrictive regulations impacting infrastructure.

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Story summary

Canada's GDP per capita has struggled since 2015, largely due to falling oil prices and reduced investment in the oil sector. This downturn, combined with a lack of competitiveness in non-energy industries, has stunted economic growth. To turn the tide, policymakers need to boost competitiveness, foster productive investments, and tackle restrictive regulations impacting infrastructure.