Productivity and affordability: Canada’s top challenges in 2025

Frances Donald, RBC's Chief Economist, offers keen insights into Canada's economic future as it navigates significant challenges in 2025. She discusses the stark divergence from U.S. growth and monetary policy, fueled by changes in trade dynamics and political leadership. The conversation dives into pressing issues like rising economic inequality, the impact of immigration on labor and housing, and the urgent need for effective solutions to Canada’s housing affordability crisis. Donald outlines the complex interplay between economic growth, inflation, and policy measures.