2 ms·
Not just higher fees. Our GDP/capita relative to the US has been in steep decline. Cost of living is also higher across the board on everything from food to ele
by cal5k 5y ago
Not just higher fees. Our GDP/capita relative to the US has been in steep decline. Cost of living is also higher across the board on everything from food to electronics, above and beyond what straight foreign exchange would suggest.
Gas is more expensive too. Oh, and wages are stagnant (except for in tech), which is a real problem when inflation hits 5% (as it is now). Productivity growth has been basically non-existent for decades.
Can I connect all of this to the banking oligopoly? No, but it's symptomatic of the larger problem: that Canada is a very difficult country to do business in. Ham-handed government regulation in every part of the economy is a huge drag on economic growth.