The Financial Post reports in its Tuesday edition that a key measure of Canadian living standards has improved after Statistics Canada revised up the size of the economy. A Bloomberg dispatch to the Post reports that Canada's real gross domestic product per person rose to $60,071 in the third quarter. That follows a significant increase in estimates of the size of the country's economy over the past three years. The changes indicate that record population growth and slow economic expansion have caused the metric to fall back to 2022 levels, rather than 2017 levels, as the earlier data suggested. Scotiabank's Derek Holt notes that as population growth slows due to tighter immigration policies, per-capita numbers are expected to rise in the coming years. Falling GDP per capita has been used by the Conservatives to highlight economic mismanagement by the Liberals. Despite revisions, Canada remains near the bottom compared with other G7 countries. Mr. Holt says the upward revisions also have significant implications for the Bank of Canada's estimates of slack in the economy, which points to an output gap that is likely nearly closed. That may make it more likely that the BOC has ended its interest rate easing cycle.