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Canada is falling behind its peers in terms of living standards — can it catch up?

By Felix Arndt, John F. Wood Chair in Entrepreneurship, University of Guelph

Canada, once admired for its robust economic health and high living standards, now faces a worrying decline. The nation’s gross domestic product (GDP) per capita growth trails its peers in the Organisation for Economic Co-operation and Development (OECD), while Canadian workers clock more hours for less output.

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