Canada’s central bank is performing a dangerous balancing act. The Bank of Canada’s (BoC) latest Financial Stability Report (FSR) shows mortgage impairments surged in Q1 2025—enough to trigger internal alarms, but not enough to consider a problem. However, the question isn’t whether risks are growing (they are), but who’s in trouble: struggling families or overleveraged […]
Canada’s international student landscape is undergoing a seismic shift, and it’s not just the quantity of students. Immigration, Refugees and Citizenship Canada (IRCC) data shows that new study permit applications were down in March. Old news, eh? What is new though is the shift in demand origination. China, once the top source of international students, […]
Canada’s education system is facing a reckoning: Even during the record tight labor market, graduates struggled to find jobs—with Ontario at the center of the issue. New Statistics Canada (Stat Can) data shows fewer graduates were able to find a job within 3 years of graduating. The study is conducted every 5 years, with the […]
Alberta is the only province making the most of Canada’s most valuable natural resource—young workers. Statistics Canada (Stat Can) interprovincial migration data shows it was the only province that managed to attract young workers, aged 25 to 45 years old. This demographic is critical to regions, driving economic growth and long-term prosperity. It’s the only […]
Today’s election day in Canada, and this time tomorrow the country will be bracing itself for one of two plans. There’s no shortage of partisans willing to discuss the positives of each plan, so we thought we’d do something different—discuss the risks of each plan. Let’s talk about comically unrealistic (and reckless) housing targets, and […]
Canadians looking to confirm that Americans obliterated our job market… won’t find this morning’s payroll data very helpful. Statistics Canada (Stat Can) data released this morning, shows the country added tens of thousands of payroll jobs in February. That doesn’t quite match the Trade War-obliterated wasteland narrative we’ve been hearing about. Looking at the unadjusted […]
Canadian politicians are promising to build millions of homes—an unrealistic plan not grounded in reality. The good news is the country doesn’t need millions of homes to correct the housing shortage, according to BMO Capital Markets. In a new report, the Big Six bank argues that decades of underbuilding is a myth, and the issue […]
Canada has a modest but powerful value proposition—regardless of race or creed, a person’s hard work is rewarded with social mobility. The Government of Canada (GoC) think tank Policy Horizons is warning that the proposition is disappearing, and may be a distant memory in less than two decades. In a report from the agency, they […]
Despite being upside down, Australia shares a lot of similarities with Canada (besides Monarchs). A new analysis from BMO looks at those similarities, especially around population and inflation, highlighting the fact Canada’s economic drag is much more complicated than just population growth. The bank only walks us to the point of divergence, the Global Financial […]
Canada has never embraced economic inequality to the extent it has over the past few years. Statistics Canada (Stat Can) data shows the household income gap continued to widen in 2024. A result of policies that favor one group at the expense of another, the income gap indicates rising household inequality. Rising income inequality has […]
