News Snapshot:
Open this photo in gallery: Hotel workers march and protest as they continue their strike in Los Angeles, Calif. on Oct. 25.MIKE BLAKE/Reuters Craig Alexander has served as chief economist at Deloitte Canada, the Conference Board of Canada and Toronto-Dominion Bank. In recent months, there has been considerable attention given to the evidence that the standard of living of Canadians is falling. The benchmark reference for this trend is the decline in after-inflation income per person – that is, real GDP per capita. This worrying development reflects still-elevated inflation, weakening economic growth, and strong population gains fuelled by immigration. This...
