Part of our Special Series: Always Canada. Never 51

A Canadian toy company is on the brink because of US tariffs. Millions in unsold stock. But this isn’t just one company’s problem—it’s Canada’s.

Author and Gloves Off podcast host Stephen Marche digs into the economic war we’re already in with the US. How can we fight against an economy ten times our size, where the tariff goal posts keep moving, and where any brokered deal is a tweet away from becoming meaningless? What are new approaches to doing business in today’s climate?

This episode features bold ideas from business owner and Shorefast founder Zita Cobb and chair of Social Capital Partners Jon Shell and looks at how to build the Canadian economy without dependence on a superpower in chaos.

Zita Cobb
Founder, Shorefast

Stephen Marche
Host, Gloves Off podcast


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Blame the denominator, not the economy

Over the last couple of years, there have been countless articles warning of Canada’s poor economic performance. The mic drop has increasingly been Canada’s poor performance relative to peer countries on “GDP per capita,” with growth rankings used to draw a variety of sweeping, negative conclusions about Canada’s economy. SCP CEO Matthew Mendelsohn and Policy Director Dan Skilleter draw on economist and SCP Fellow Dr. Gillian Petit's new research to explain why GDP per capita is a deeply flawed measurement for evaluating rich countries - and is easily influenced by a variety of factors having little to do with economic performance or economic well-being.

Non-Permanent Residents and their impact on GDP per capita | Summary

New research by economist and SCP Fellow Gillian Petit estimates what Canada’s GDP per capita would have been over the past decade if Canada had kept our temporary resident numbers stable. She also estimates the expected impact on GDP per capita in the coming years due strictly to planned reductions in Canada's intake of non-permanent residents. Among key findings: Canada’s GDP per capita is misleading and should not be used as if it were the sole indicator of economic well-being. Plus, if we had maintained our temporary resident numbers at two percent of the population in recent years, Canada’s GDP per capita would look much more like our peer countries: a little bit ahead of countries like Germany, the United Kingdom and Australia and a little bit lower than countries like Belgium, Sweden and France.

Non-Permanent Residents and their impact on GDP per capita | Report

New research by economist and SCP Fellow Gillian Petit estimates what Canada’s GDP per capita would have been over the past decade if Canada had kept our temporary resident numbers stable. She also estimates the expected impact on GDP per capita in the coming years due strictly to planned reductions in Canada's intake of non-permanent residents. Among key findings: Canada’s GDP per capita is misleading and should not be used as if it were the sole indicator of economic well-being. Plus, if we had maintained our temporary resident numbers at two percent of the population in recent years, Canada’s GDP per capita would look much more like our peer countries: a little bit ahead of countries like Germany, the United Kingdom and Australia and a little bit lower than countries like Belgium, Sweden and France.

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