4 ms·
> Our GDP per capita in USD has gone down 20% in the last decade [1]. It appears that much of this is due to CAD depreciating relative to USD over the last 10
by divbzero 4y ago
> Our GDP per capita in USD has gone down 20% in the last decade [1].
It appears that much of this is due to CAD depreciating relative to USD over the last 10 years [2]. I suppose this is relevant for Canadians buying imported goods, but could be less relevant for local goods.
[2]: https://www.xe.com/currencycharts/?from=CAD&to=USD&view=10Y https://www.xe.com/currencycharts/?from=CAD&to=USD&view=10Y
- Mikeb85 4y agoAll our goods are imported since we make hardly anything. The few consumer products Canadians do make generally get exported to countries with higher incomes or as luxury goods. So it definitely matters.
- sonicggg 4y agoProblem is that, compared to US,Canada is not very self-sufficient. The average Canadian imports a lot of stuff. Kind of limited what you can grow in this frozen wasteland.
- wolverine876 4y agoEvery modern economy imports a lot of things. It's far more efficient than trying to make it all yourself.