At 3.8 per cent, Canada’s inflation rate for 2021 is expected to rank 6th highest among 35 IMF advanced economies.
Investment in machinery, equipment, factories, intellectual property and other assets declined by 17.3 per cent.
Capital investment is a major source of labour productivity growth, particularly in Canada.
Labour market performance has been extremely weak since the last recession.
The Fraser Institute motto is a constant reminder of the importance of measuring the effect of government policy interventions on people’s lives.
Alberta’s unemployment rate climbed to 8.6 per cent in July—the highest rate since 1994.
With Canada’s current unemployment rate of 7.1 per cent, there’s more slack in the Canadian labour market than in the U.S.