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Canada's unemployment highest in G7 under Trudeau government

Canada's unemployment as a percentage of the labour force now stands at a suffocating 13.7 percent—only finishing below Columbia, Spain and Greece.
Nico Johnson Montreal, QC

Under Justin Trudeau's government, Canada now has the highest unemployment in the G7, according to a recent OCED Report.

Canada's unemployment as a percentage of the labour force now stands at a suffocating 13.7 percent—only finishing below Columbia, Spain and Greece.

The United States performed slightly better than Canada, holding an unemployment of 11.1 percent.

Northern European countries had the most robust economies. Germany, for instance, had an unemployment rate of 3.9 percent, whilst the United Kingdom had an impressive unemployment rate of 3.8 percent.

Justin Trudeau has borrowed an unprecedented amount of money so to fuel Canada's pandemic spending. This country's federal debt, for instance, has reached an eye-watering $1 trillion.

Despite this spending—which led Canada to lose its triple A credit rating—Canada did not retain a significant number of jobs in the lockdown, and its growth coming out of the lockdown has not been as "v-shaped" as some may have hoped.

This report somewhat contradicts Trudeau's Finance Minister Bill Morneau who claimed that Canada was coming into this lockdown in a sturdy economic condition.

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