The Canadian economy is facing significant challenges as the private sector struggles under the weight of high government spending during the COVID-19 pandemic and rising interest rates.
While the public sector has grown substantially, creating an illusion of stability, private sector growth has stagnated, and consumer debt levels remain dangerously high.
To avoid a looming economic crisis, Canada must rein in fiscal spending, address the disparity between public and private sector growth, and find a sustainable path forward amidst rising unemployment and economic vulnerabilities.
