A release on Friday from Statistics Canada showed that the provincial economy shrank by almost 5% in 2012. They even supplied a lovely chart to illustrate the GDP changes in each province as well as the national average.
This wasn’t just modest growth or even a modest drop. We are talking one of only two provinces with a drop in GDP and the biggest change – positive or negative – of any province or territory in Canada.
Alberta is even more dependent on commodities than Newfoundland and Labrador and it still managed to see gross domestic product grow by almost four percent.
Not so in the former Republic of Dannystan.
Down.
By almost five percent.