Just The Facts: Canadians Poorer Under Justin Trudeau

Ottawa, ON – After nine years, Justin Trudeau just isn’t worth the cost. Trudeau is now spending more money paying off interest on his debt than on the Canada Health Transfer, while housing prices have doubled and food banks are overwhelmed.

Today, Statistics Canada published a report on GDP per capita, which confirmed that Canadians have gotten poorer under Justin Trudeau. GDP per capita is now 7% lower than it should be, meaning Canadians are poorer by $4,200 per person.

Trudeau’s inflationary spending and taxes have contributed to a decline in the Canadian economy. Real GDP per capita has now fallen in five of the past six quarters and is currently near levels observed in 2017. On top of this, since 2015 there has been a 20% decline in investment spending per worker, as the Canadian economy becomes less and less productive. Statistics Canada notes that this is, in part, thanks to declining competition in the Canadian economy after nine years of Justin Trudeau.

This report was also confirmed by RBC Economics who said that “the Canadian economy is sharply underperforming global peers.” In fact, since 2019, Canadian GDP per capita has declined 2.8%, while the United States has seen an increase of 7%. RBC notes that this is the single largest underperformance of the Canadian economy in comparison to the United States since 1965.

Only Common Sense Conservatives will cap the spending and axe the tax so Canadians can bring home powerful paycheques.

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