Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Bank Regulator Sees Mortgage Defaults Rising, 1 In 7 Of Concern Canada’s bank regulator is warning that mortgage debt is one of the biggest risks to the country. OSFI released its annual risk outlook and mortgage credit was one of the […]
The Canadian economy surprised with huge job gains last week. Statistics Canada (Stat Can) data shows tens-of-thousands of jobs were added in April. Despite a near-record gain, BMO warned investors the market isn’t as healthy as it sounds. Canada’s booming population growth meant the job gains failed to meet minimum requirements. As a result, the […]
Canada found the solution to making study permits coveted again—imposing limits. After applications slowed and the housing crisis intensified, Immigration Refugees and Citizenship Canada (IRCC) announced it would tighten its study permit process. Shortly afterwards, application volumes surged, with the current year on track to be the busiest ever. Just the first two months of […]
The only growth more impressive than Canada’s population is its surging unemployment. Statistics Canada (Stat Can) data shows the economy stumbled in March. It was such a minor decline, it wouldn’t be worth noting if not for the population growth. The country only lost a couple thousand jobs, but managed to add tens of thousands […]
Canada continues to hit record smashing growth numbers. Statistics Canada (Stat Can) data shows the 2023 population growth was the largest in more than a half-century. Virtually all population growth is now immigration, with most being “temporary” residents. Upcoming policy changes to limit future immigration is likely to have a very big effect on further […]
The CEO of the world’s largest asset manager sees a Boomer demographic crisis brewing. Earlier this week, Blackrock CEO Larry Fink warned the US is rapidly approaching a crisis as Baby Boomers retire. BMO isn’t quite sure if it’s “crisis or karma,” but in either case—they see the problem as overstated. The bank argues Canada […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages The Government of Canada (GoC) plans to spend a whopping $30 billion to support its mortgage market this year. March marked the second month of its buying spree, spending roughly […]
Toronto’s population boom has led to rapid growth of its talent pool—but can they find work? Statistics Canada (Stat Can) data shows Toronto’s unemployment rate rose significantly faster than the national rate in February. The city’s unemployed population has grown to hundreds of thousands of people, with annual growth rising 11x the rate of its […]
What does Canada have in common with two of the world’s most restrictive regimes? The state of its population’s mental health. Sapien Labs has released its fourth annual Mental State of the World rankings, and things are stagnating. Post-pandemic, English speaking countries saw their score dive. Initially researchers believed this would be a temporary phase, […]
Canada is known for its generous immigration policies but that might change soon. A new survey from Canadian Press and Leger looked at the public opinion on immigration and its impact on services. Most households feel Canada is pursuing an overly aggressive immigration policy contributing to an affordability crisis, and a net negative impact on […]
