Economist Armine Yalnizyan breaks down Canada's growing debt and its impact on government spending, discussing concerns about affordability, debt reduction, and the need for assistance. The podcast also explores government initiatives for rental housing construction and Canada's economic outlook, demographic changes, and the opportunity to build a resilient future.

Armine Yalnizyan, an Atkinson Fellow and renowned economist, shares her insights into the perplexing economic landscape facing Canadians. She explores the disconnect between rising economic indicators and the struggles of everyday people, emphasizing issues like soaring grocery prices and housing costs. The term 'vibecession' is dissected, illustrating how public sentiment clashes with statistics. Yalnizyan also discusses the recent interest rate cuts by the Bank of Canada and their implications, shedding light on the ongoing economic uncertainty.

Canada's inflation numbers have once again come in lower than expected, and are nearing where our central bank wants them. But to get here, the Bank of Canada has kept interest rates high to slow the economy.So was it actually the Bank's rate hikes that brought inflation down? Is the sting of high rates worth the success so far? And how much further does inflation — and the economy — need to slow before the Bank drops rates? Armine Yalnizyan is an economist and the Atkinson Fellow On The Future Of Workers.