Canada’s immigration slump is deepening—but not evenly, according to Immigration, Refugees and Citizenship Canada (IRCC). Finalized applications for temporary residents had the weakest October since the pandemic. It’s been a persistent trend over the past year, as the country throttles certain segments. While this has impacted most of the traditional sources, the declines haven’t been […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Flee In Record Volumes—A Warning Seen Only Twice Before Canadians are heading for the exit in the highest volumes on record. Emigration, the act of citizens or permanent residents leaving the country, hit 120.4k people in the 12 months ending in […]
Canada’s population is doing something rare—it’s shrinking, and that’s not necessarily bad. Statistics Canada’s (StatCan) quarterly population estimate fell sharply in Q3 2025, led by a drop in non-permanent residents. The quarterly contraction helped push Canada into uncharted territory, with annual growth now at a record low. Canadian Population Estimates Fell By More Than 76k […]
Canada’s economy was already unraveling before the immigration boom, according to CIBC Economics. A new report from the bank argues the downturn was inevitable—cheap credit masked deeper structural issues, and the post-pandemic recoil would have occurred in any event. The bank suggests the non-permanent resident (NPR) boom may have softened the economic damage, not amplified […]
Slow is smooth, and smooth is fast? Statistics Canada (Stat Can) data shows population growth continued to slow in Q3 2025, hitting its lowest rate since growth was physically restricted in 2021. That’s raised concerns over economic momentum, but it’s misplaced. Even if Canada drifts through the rest of the 2020s at a lockdown pace, […]
The kids are not alright, according to a new report from one of Canada’s Big Six banks. Statistics Canada (Stat Can) data shows the youth unemployment rate saw a sharp uptick in July, and has climbed to the highest level since 2010 (excluding pandemic). BMO notes that rising unemployment is typical in a recession, but […]
Canada’s largest bank is the latest to forecast falling real estate prices next year. Despite sales improving, RBC is forecasting further price declines next year—with the impact amplified in Toronto and Vancouver. The bank warned rising sales won’t be enough to counter rising supply, a lack of affordability and immigration transforming from a tailwind to […]
Canada’s big bet on lofty immigration targets was meant to boost GDP. But it flopped—OECD data shows Canada’s growth lagged the 38-country average. The strategy didn’t just fail to deliver; it left Canada trailing its advanced economy peers. Canada Led The OECD for Population Growth, Used Immigration As Stimulus Canada made a big bet on […]
Canada’s building sector just added more fuel to inflation. Statistics Canada (Stat Can) data shows construction costs grew sharply in Q2, with quarterly growth now running at twice the central bank’s target inflation rate. The accelerating price growth is a new inflationary headwind, with the agency attributing it to counter tariffs and a lack of […]
Canada’s job market is improving despite warnings against slowing population growth. The unemployment rate fell in June, helped by tens of thousands of new jobs being added. This pushed the employment-to-population ratio to a 3-year high. A significant job deficit remains, but the economy may be on track—if policymakers avoid reverting to chasing short-term, non-productive […]
