Posted 1/21/2024, 2:00:00 PM
Canada Faces Economic Hurdles Amid High Immigration, Changing Landscape
- Canada is stuck in a "population trap" where living standards can't improve due to rapid population growth from high immigration levels, economists say
- The Bank of Canada is overhauling its economic models after forecast errors during the pandemic to prepare for a future unlike the past
- America is experiencing a boom in new business creation not seen since before the pandemic
- Canadians still owe $7.1 billion in CERB and CRB overpayments that the government is trying to collect back
- OMERS has put medical testing giant LifeLabs up for sale after a $2.5 billion, 17-year investment in the company