Prime Minister Justin Trudeau is overseas strutting his stuff at the big boys’ table at the G7 and NATO conferences. But Canada is no longer one of the seven biggest economies, and is a laggard in terms of its NATO commitments.
Due to mediocre growth, high taxation, low productivity and over-regulation, Canada hasn’t made the cut for a while, but stays in the G7. Both Italy and Canada are smaller, in terms of nominal gross domestic product, than China and India. Canada is the world’s ninth-largest economy, according to International Monetary Fund estimates, but — at current growth rates — could be overtaken in a couple of years by South Korea, Russia and Australia.
Canada is not run by grown-ups, but by a cabinet that has zero expertise in business, economics or much of anything else except spending and taxing. The result is falling standards of living due to productivity drops.
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