How much does GDP growth actually benefit regular citizens?
Buffalox@lemmy.world 1 week ago
Absolutely, Canada has now even made defense agreements with EU, and very early on trade agreements were expanded.
They have been very active rerouting export goods hit by US tariffs away from USA to other destinations, helped by the government paving the way to allow these new trade routes.
I can see from other comments that some Canadians don’t think the government has done enough, but I doubt they are aware of the speed the Canadian government has acted with, these things are very difficult to do quickly.
Look for instance on the trade agreement between south America and EU, it has taken 25 years to make!!
Canada has already made several agreements beneficial to Canada in less than a year.
The fact that they are also looking into buying fighter jets from Swedish SAAB a non US country is also a very big deal. Which I as an EU citizen really hope goes through, because it seems like such a good deal on cooperation on making better planes on both sides.
The net result of it all is that despite US sanctions against Canada, the Canadian economy has grown more than the US economy in 2025!
sopularity_fax@sopuli.xyz 1 week ago
HobbitFoot@thelemmy.club 1 week ago
There has historically been a correlation. However, this bubble doesn’t require a lot of labor so wages have been stuck.
Hell, if it weren’t for the AI bubble, it is likely that the US economy would be in recession.
JoshuaFalken@lemmy.world 1 week ago
To chime in from the Great White North, I agree with much of what you’ve written, though I haven’t spoken to anyone that thinks Canada has moved too slow.
What’s been done so far has happened as efficiently as government workings can be done, but when I go to a restaurant I don’t skip the entree if the waitstaff brings out the appetizer with haste.