Dear John,

A new Fraser Institute study out today finds that despite Canada’s comparatively high debt accumulation during the pandemic (which many argued would result in strong economic performance), we actually underperformed most of our peers.

Canada experienced the second highest increase in its total debt relative to the size of the economy from 2019 to 2021 compared to 33 industrialized countries. Only Japan racked up more debt.

But when it comes to economic growth, Canada ranked 23rd of 33 countries in 2020, and 22nd in 2021.

Of those 33 countries, Canada also had the third-highest unemployment rate in 2020 and the eighth-highest unemployment rate in 2021. 

Learn more by checking out the full study here, and be sure to spread the word on social media.

Sincerely,

Niels Veldhuis
President
The Fraser Institute