Why Canada's real economic crisis isn't a recession—it's long-term stagnation

Why Canada's real economic crisis isn't a recession—it's long-term stagnation

From Hub Podcasts by Hub Canada Media

June 9, 2026 · 20 min

About this episode

The episode discusses Canada's long-term economic stagnation and the factors contributing to it beyond the recession debate.

Rudyard Griffiths and Sean Speer discuss Canada's deeper economic malaise beyond the recession debate. They explore decades of declining quarterly GDP growth since the 1960s, arguing that secular stagnation—not short-term fluctuations—is the real crisis. They also cover rising debt burdens, unproductive capital allocation, and policy failures that have compounded economic decline. Finally, they critique the Carney government's approach and question whether politicians will relinquish power to enable market-driven productivity growth. The Hub is Canada’s fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Amal Attar-Guzman - Producer and Editor Rudyard Griffiths and Sean Speer - Hosts Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Hosts: Rudyard Griffiths, Sean Speer

Topics covered

  • economic crisis
  • secular stagnation
  • GDP growth
  • debt burdens
  • policy failures
  • productivity growth

Keywords

  • Canada
  • economic malaise
  • GDP
  • debt
  • policy
  • productivity
  • Carney government

Mentioned in this episode

Organizations: Carney government, The Hub, Hub Canada Media

Places: Canada

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