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The Importance of Temporary Residents in Canada
The Bank of Canada also flagged this in the report that a lot of the immigration that's coming through is the inflows are skewing heavily towards temporary residents. So that could add to the volatility should the economy roll over and they become, you know, less jobs than people could obviously leave the country. That reminds me of another T word that I think we should absolutely question. Who remember the whole transit worry? How they told this inflation was gonna be transitory? Well, I'm gonna bet you that they're gonna stay in Canada because Canada is a beautiful place to live. They're all wearing jorts now and Halifax.