Canada is getting poorer when compared to its wealthy peers, data shows

Canada is among the richest countries in the world but it isn’t as rich as it once was compared to peer countries like Australia, New Zealand and the United Kingdom — and the wealth gap between Canada and the U.S. has only grown wider, according to figures published by the Organisation for Economic Co-operation and Development (OECD).

Canada is getting poorer when compared to its wealthy peers, data shows
Crews continue to work to repair a major water main break and five other weak spots in Calgary, Saturday, June 22, 2024. Calgary's mayor is promising a wide-ranging examination of the city's underground infrastructure as it enters its third week of water use restrictions after a water main break.

Canada is among the richest countries in the world but it isn’t as rich as it once was compared to peer countries like Australia, New Zealand and the United Kingdom — and the wealth gap between Canada and the U.S. has only grown wider, according to figures published by the Organisation for Economic Co-operation and Development (OECD).