Tyler Cowen, Columnist

Oh Canada, Your Economy Is Better Than You Think

Some critics north of the US border say the Canadian economy is in decline, but the bad news is overstated.

And it’s good at hockey, too.

Photographer: Minas Panagiotakis/Getty Images North America
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Going against type, some Canadians are being very negative. A chorus of doomsayers is pointing out that by some measures, Canadian per-capita GDP is in decline.

While there is genuine room for concern, the bad news is much overstated. Canada has not altered its fundamental and longstanding position: It is somewhat poorer than the US, but it is progressing at a more or less typical pace.