Canadians' standard of living slips further behind U.S.

The Ottawa Citizen reports:

Canada's economy and living standards will continue to fall further behind the U.S. over the next few years, a Bay Street think-tank says.

"Over the 2003-2006 period, growth in Canada will fall short of that in the U.S. every year, and cumulatively this will add up to about 3.3 percentage points of growth over the four-year period," Global Insight said. "That is more than one full year's worth of growth over a four-year period. As a result, Canada's standard of living will fall from 87 per cent of the U.S. level in 2002 to about 84 per cent by the end of 2005."

Maybe Canadian style health care doesn't raise living standards.