A new report by the Fraser Institute on Canada’s economic growth illustrates the wisdom of the famous saying popularized by Mark Twain that, “There are three kinds of lies: Lies, damned lies and statistics.”
It argues that while the Justin Trudeau government was boasting about Canada’s strong economic growth during its last five years in power from 2020-2024, the average Canadian’s standard of living was plummeting by the steepest rate in any five-year period since the Great Depression.
The difference in the competing claims is the Liberal government was citing annual increases in Canada’s real (inflation-adjusted) gross domestic product — largely because of its runaway immigration policies.
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