CommentaryCanadians have been told repeatedly that inflation is under control. Headline consumer price index (CPI) has retreated from its 2022 peak. The Bank of Canada has cut rates. The crisis, we are assured, is behind us.It isn’t. Canada has a structural inflation problem—one that...
A worker uses an angle grinder on a vessel under construction at a shipyard in North Vancouver on Oct.10, 2024. The Canadian Press/Darryl DyckCommentaryHere is a sobering number: Canada’s real GDP per capita fell 2.0 percent over the five years from 2020 to 2024—the...