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Prime Minister Mark Carney’s pledge to make the Canadian economy the strongest in the G7 is the equivalent of attempting to turn around the Titanic before it hits the iceberg.

An indication of the enormity of this task is to look at the performance of the G7 countries in real Gross Domestic Product (GDP) per capita, which measures economic output per person, adjusted for inflation, and is a widely accepted metric of a nation’s prosperity and standard of living.

Low economic growth as measured by real GDP per capita has been a longstanding problem in Canada.

Under Carney’s predecessor, Justin Trudeau (who appointed Carney to chair his economic growth task force in September 2024), Canada recorded the worst record of economic growth since the government of R.B. Benne

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