School of Policy Studies

School of Policy Studies
School of Policy Studies

Canada is rich - and cheap

December 9, 2019
The Globe and Mail - Eugene Lang, Adjunct Professor School of Policy Studies, Queen's University

“It’s Canada, they have money,” Donald Trump said at this week’s NATO summit.

Most of what the U.S. President says is either exaggerated or false, but occasionally he sums up in a sentence what everyone knows to be true.

After admonishing Prime Minister Justin Trudeau at the summit for Canada’s failure to meet, or strive toward, the North Atlantic Treaty Organization’s defence-spending target of 2 per cent of Gross Domestic Product (GDP), Mr. Trump pointed out an inconvenient truth. The President was saying Canada is rich and cheap.

But just how rich is Canada?

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