A woman walks past the Bank of Canada headquarters, Wednesday, June 1, 2022 in Ottawa. Adrian Wyld/The Canadian Press.

The 'Great Canadian Slump' is back

Unfortunately, income growth has stalled to rates rarely seen in Canadian history. Only twice in the past century have we lived through more sluggish growth than today—both during serious recessions.

Canadian Prime Minister Justin Trudeau, left, meets with President Joe Biden during the Summit of the Americas, Thursday, June 9, 2022, in Los Angeles. Evan Vucci/AP Photo.

Is Canada betting too much on the U.S.?

Canada should hedge its bets and more aggressively pursue trading arrangements with others. Instead of continuing to resist opening our highly protected and low-productivity sectors—like dairy—we should embrace as many markets as possible.