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National Post
9 Sep 2024

When the Bank of Canada cut interest rates last week, Finance Minister Chrystia Freeland said that it “shows that our economic plan is working.” But the fact is that real GDP per capita has declined for seven of the last eight quarters, shrinking cumulative growth since Prime Minister Justin Trudeau took office to a mere 0.6 per cent, versus a robust 16.4 per cent increase in the United States over the same time period.