ICYMI - Canada's Been in a Recession for a Decade. Immigration Hid It.

Shane Hewitt and The Nightshift · Jun 3, 2026 · 10m

Canada is technically in a recession and the prime minister won't say the word. Matt Gurney thinks the more important conversation is the one hiding underneath it.

For years, the answer to flat economic productivity was simple: put more people in the country. More people at Tim Hortons, more people at Canadian Tire, more dollars tallied in GDP. It worked as a number. It did not work as an economy. Canadian productivity per working hour has been declining relative to the United States for decades, and the gap keeps widening. Now the population is actually dipping, the tariff pressure is real…