New Data Shows Wages Stagnated and Inequality Grew Even as the Canadian Economy Boomed in 2017
Even though Canada’s economy appeared to have a strong performance in
2017, a closer at the data is showing that inequality increased and
wages stagnated for working families.
2017, a closer at the data is showing that inequality increased and
wages stagnated for working families.
While the Canadian economy boomed with roughly 3% GDP growth in 2017, new data from Statistics Canada shows most of the gains went straight to the top 10% while incomes for average families barely budged.