Correction: Canada’s GDP without Toronto

In a previous Hub News article entitled “Without Toronto’s economy, Canada’s GDP per capita drops 20 percent” published on July 11, 2024, a significant error was made in data collection regarding the weight of Toronto in Canada’s overall national GDP per capita.

Spreadsheet data collection errors meant the percent change of Canada’s GDP per capita without Toronto’s GDP per capita was incorrectly made from Toronto’s GDP per capita, as opposed to the percent change correctly being made from Canada’s national GDP per capita.

As a result, The Hub incorrectly reported that Canada’s GDP per capita declined 22.37 percent without Toronto. In reality, Canada’s GDP per capita declines 4.63 percent without Toronto. Identical mistakes were made when calculating the GDP per capita change of Italy without Milan and Japan without Tokyo.

The correct ranking of the percent change of G7 countries GDP per capita without their economic centres should have been as follows: Japan without Tokyo (-10.33 percent), France without Paris (-9.81 percent), the United Kingdom without London (-8.16 percent), Canada without Toronto (-4.63 percent), Italy without Milan (-3.25 percent), Germany without Munich (-1.09 percent), the United States without New York (-0.77 percent).

The Hub sincerely regrets these errors and apologises to you, our readers, who turn to us for accurate analysis. We have taken down the story to avoid confusion.