The Fall of Canada’s Economy

Despite being one of the wealthiest economies globally, Canada has struggled with stagnating growth in recent years. The country has experienced little to no economic growth in recent years, and this trend seems to be continuing. This lack of growth has been linked to various factors, including a decline in oil prices and a lack of innovation and investment in various sectors. Its economy is also struggling with low productivity and innovation. The OECD forecasts that the country will stagnate and have the lowest growth of any advanced economy over the next 5 years. So, why is Canada struggling to grow, and what can this tell us about other advanced economies?