Why is Canada’s economy stuck in the last century?

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Open this photo in gallery: Wide sweep of Bay Street in Toronto, looking north from Front Street towards City Hall, 1902. Photo by Alexander Galbraith (Galbraith Collection).Alexander Galbraith John Rapley is an author and academic who divides his time among London, Johannesburg and Ottawa. His books include Why Empires Fall (Yale University Press, 2023) and Twilight of the Money Gods (Simon and Schuster, 2017). Whatever one makes of the glee with which Americans chase the latest economic fads, like the AI bubble, you can’t help but admire their endless capacity for reinvention. Theirs is an economy always looking to the...