Why would there be a recession when there was no growth? Now, don’t pull out the GDP growth rate out of the hat and quote here. I mean, the Canadian economy never really grew to its potential. There are a few reasons for it 1) population growth rate 2) lack of competitive spirit 3) poor immigration system
We like the status quo.
Canada is probably the richest country on the planet if you monetize all the resources that it has but we need strong leadership in this country to mobilize people and bring true capitalism. At present, we have a mix of capitalism and socialism going on which is not helping much. The country needs a lot of new people who are young and educated. Most of the people live around the coast and there is literally nothing in the middle. Maritime is slowly dying while Greater Toronto and Vancouver are having tremendous growth.