Canada Struggling to Keep Pace With Standard of Living as Labour Productivity Woes Persist

People cross Elgin Street in view of Parliament Hill in Ottawa, in a file photo. The Canadian Press/Sean Kilpatrick

Canada is facing a significant gap in standard-of-living performance, or real GDP per capita, compared to other advanced economies, according to a report from TD Bank.

The report, titled “Mind the Gap: Canada is Falling Behind the Standard-of-Living Curve” and published on July 13, highlights Canada’s struggle to keep up with its peers and identifies insufficient growth in real GDP per capita as the root cause of this disparity.