In the past decade, Canada experienced its lowest run of economic growth since the 1930s. Many economists say they expect the trend to continue for another five or 10 years.
Paul Boothe, Director of Ivey’s Lawrence National Centre for Policy and Management, warns that if our country continues this slow growth at such a low rate “a whole bunch of economies, including emerging economies, will catch up and pass us by.”
Further, there's no obvious way out of this economic slump. Boothe comments that despite the notion that the federal government is the major economic actor, it actually plays only a small role.
