3min chapter

FICC Focus cover image

How Canada’s Economy, Rates Have Diverged From US: Macro Matters

FICC Focus

CHAPTER

Analyzing Canada's Housing Crisis and Immigration Impact on Economic Growth

This chapter explores how immigration, driven largely by non-permanent residents, contributes to Canada's population surge and intensifies the housing market crisis. It also examines the interplay between rising mortgage rates and consumer spending, alongside the Bank of Canada's strategies to address these challenges.

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