Has Canada given up on its future?
Canada has become increasingly focused on protecting the wealth and benefits of older generations at the expense of younger Canadians facing soaring housing costs, declining affordability, and limited economic mobility, says Derrick Hunter is the CEO of Bluesky Equities Ltd. Government policies — from housing market protections to tax advantages and expanding senior benefits — have prioritized preserving existing asset values while doing little to encourage productivity growth, or opportunities for younger workers, he writes. Canada’s aging population, low birth rate and growing reliance on debt-funded entitlement spending could leave the country facing long-term economic stagnation and a weakening belief in the future.
