Canadians are on year three of a people’s recession

James Hardwick / October 16, 2025 / 5 min read

The disconnect between big economic indicators and Canadians’ day-to-day experience is a gap our political leaders seem unable or unwilling to bridge. Indeed, parliamentarians have gotten in the habit of telling us that everything is basically fine—we just need to live within our means. It hasn’t occurred to them that the economic indicators might be missing something.