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

Page: https://stenobird.com/podcast/hub-podcasts-4932773/why-canada-s-real-economic-crisis-isn-t-a-recession-it-s-long-term-stagnation
Text version: https://stenobird.com/podcast/hub-podcasts-4932773/why-canada-s-real-economic-crisis-isn-t-a-recession-it-s-long-term-stagnation.md
Podcast: [Hub Podcasts](https://stenobird.com/podcast/hub-podcasts-4932773)
Published: 2026-06-09T16:52:32+00:00
Episode link: https://shows.acast.com/hub-podcasts/episodes/why-canadas-real-economic-crisis-isnt-a-recessionits-long-te
Audio file: https://sphinx.acast.com/p/open/s/69cc1a3992d007a7658eee4e/e/6a283d90daeb30d08e30ebe8/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/hub-podcasts-4932773/episodes/why-canada-s-real-economic-crisis-isn-t-a-recession-it-s-long-term-stagnation
Duration seconds: 1201

## Resource

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.

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## Transcript

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