Canada's Growth and Challenges: Population Rises, Productivity Lags, 2020 Grads Struggle, FTX Fraud Sentencing, Tax Rule Headaches
• Canada's population grew by 1.3 million in 2023, largely driven by a rise in temporary residents to 2.7 million • Bank of Canada warns that Canada is facing a "productivity emergency" and is slipping behind peer countries • 2020 graduates suffered from layoffs, canceled jobs/interviews due to the pandemic • FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud and conspiracy • New tax rules are forcing many Canadians to spend hundreds on accounting and legal fees