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Philip Cross: Recession debate ignores Canada’s real economic problem

Whether GDP was up or down a tenth of a per cent last quarter may be of concern. Its slow growth over the past decade clearly is

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Following Statistics Canada’s publication of this year’s first-quarter GDP estimates there has been much debate about whether or not Canada is in a “technical recession.” What happens to the economy in the short run is important but dwelling on it distracts from Canada’s real economic problem, which is its lack of growth over the past decade.

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