alt Hacker NewsI'm skeptical of central bankers trying to sugarcoat the fact that we are in a "technical" recession. If you look at per-capita GDP it's lower than it was four years ago and if you talk to regular Canadians you'll come away feeling like we've been in a recession for years. I would say per-capita is a better metric because it better reflects what individuals are experiencing, whereas Canada's overall GDP has been bolstered by high immigration targets for years. Regardless, it meets the definition of a recession and matches with the experiences of many Canadians. I'm sure the beureocrats and central bankers aren't feeling that pain though.
Why did you casually jump to per capita GDP? Per capita GDP is finally going up after a long regression, and one of the reasons Canada slipped to a very small recession is that hundreds of thousands of migrants are leaving the country, their visas expired. When you remove a lot of people that were consuming housing and food and cell plans and delivery doordash, GDP drops.
You have two conflicting complaints simultaneously, and you should make up your mind. Were you happy when Canada's GDP was increasing courtesy of mass migration?
So are you happy with the changes? I'm super happy with it. I'm also quite pleased with how well Canada has weathered a criminal felon pedo that has tried his hardest to hurt us, many Americans blissfully oblivious.
And yup, the many tentacles are government are going to keep making laws and planning trains and doing pipeline projects and countless other programs -- they aren't restricted to whatever the imaginary pet is of a particular complainer -- and amazingly they can competently do all of this simultaneously! Not always in a way that everyone agrees with, though.