Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
I wrote a newsletter Monday about the increasing pessimism regarding Canada’s economic future, which generated a lot more website traffic than usual. Tyler Cowen, an economics professor at George Mason University, wrote what amounted to a rebuttal in his weekly Bloomberg column titled Oh Canada, Your Economy Is Better Than You Think,
“A chorus of doomsayers is pointing out that by some measures, Canadian per-capita GDP is in decline. While there is genuine room for concern, the bad news is much overstated … Canadian GDP per capita has not regressed to where it was in 2014. That metric deflates incomes by producer prices, whereas for actual living standards economists generally agree that a consumer-prices deflator of some kind is more appropriate. Using that metric, Canadian per- capita GDP mostly has been rising since 2014, the…
