October 2024

For the first time since the Confederation of Canada in 1867, the population of Canada is expected to decline next year. That was the major takeaway from the federal government’s 2025-2027 Immigration Levels Plan, which marked an historic shift in Canadian immigration policy. A steep reduction in permanent resident admissions and substantial outflo...

The Bank of Canada reduced its policy rate today—notably though not unsurprisingly by 50 basis points—to 3.75%. In its release the Bank observed “The Bank expects inflation to remain close to the target over the projection horizon, with the upward and downward pressures on inflation roughly balancing out. The upward pressure from shelter and other...