Posted 1/15/2024, 5:45:05 PM
Rosenberg: Canada Faces Deepening Recession Despite High Immigration Masking Growth Issues
- Real GDP per capita in Canada is "decaying at an alarming rate" according to Rosenberg
- Rosenberg believes Canada has already entered a recession that will accelerate in 2023
- High immigration numbers are masking poor underlying economic growth
- Rosenberg criticizes the Bank of Canada for reacting to data rather than forecasting
- Rosenberg says immigration needs to add economic value, not just population growth