CA - Canada And Australia: 2 Economies With Similar Challenges

2024-04-09 04:50:00 ET

Summary

• Canadian GDP per capita declined for the 6th consecutive quarter in the final quarter of 2023.
• A new RBC study finds that more than half – one million – of 1.9 million new Canadian households by 2030 will not be able to buy a home if affordability remains close to where it is today.
• This is not because Canadian incomes are low relative to other nations, it’s because home prices and rents have been allowed to gallop ahead thanks to monetary and fiscal policies aimed at price inflation.

Canadian GDP per capita declined for the 6th consecutive quarter in the final quarter of 2023; this means there are less resources per person - the standard of living is in decline....

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