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A Bank of Canada Study Shows the New Canadian Dream is to Leave Canada

A Bank of Canada Study Shows the New Canadian Dream is to Leave Canada

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by

Aaron Day
in

Those Who Can Leave Canada Are Leaving.—The Rest Will Pay the Price. The Bank of Canada Just Confirmed It.

Canada finally found a way to boost exports. It’s exporting its best people.

A Bank of Canada study shows 40% of Canadians capable of reaching top 1% U.S. earnings have already left for the United States. Another 30–50% of the next tier? Also gone.

Not the struggling. Not the average. The youngest, most educated, highest-earning Canadians many in their prime working years are leaving.

And the economy is noticing.

GDP per capita has barely grown in a decade while the U.S. surged ahead. Canada has now fallen below the OECD average for the first time on record.

But don’t worry government is growing.

Spending has climbed from 38% to 45% of the economy. Programs expand. Costs rise. Results… pending.

It’s a simple model.

Lose your highest producers. Keep your highest costs.

And then act surprised when growth disappears.

“We need to attract talent,” policymakers say.

We already did.

They just left.

And those who stay?

They’ll likely spend the next decade working harder for less paying more into a system that keeps growing, and delivering less back.

Because when the people who drive growth leave, what’s left isn’t just slower.

It’s poorer.

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