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Canada is a lot less miserable than it used to be, at least according to one measure. The so-called misery index – a measure of economic hardship that's calculated by adding the jobless and inflation rates – sits at 7.7 through May, lower than the annual averages dating back to 1980. Over that time, the index peaked in 1982, when the nation's inflation rate hit the double-digits. The misery index, calculated here using annual averages except for 2015, should stay at historically subdued levels this year as lower energy prices continue to keep a lid on inflation.

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