Canada’s economy projected to grow just 0.7% in 2026, recovery tied to U.S. trade certainty: Deloitte
Canada’s economy projected to grow just 0.7% in 2026, recovery tied to U.S. trade certainty: Deloitte
11 Comments
Given the quickly dropping population this year, im surprised there’s any growth forecasted at all. The per-capita figures must be fairly good.
I mean, given any growth at all is a bonus considering we’re in uncharted waters for dealing with what we’re dealing with in the 21st century.
Having the U.S. threaten annexation is new for this particular group of generations to deal with, not so much historically, but in recent memory it hasn’t happened.
Trade certainly, of which Carney has delivered zero. And now 40% of Canadian manufacturers are eyeing the exit to move to the US. Elbows up! Thanks voters and unethical floor crossers bribed by the most corrupt party in Canadian history.
I mean, housing prices in the major sectors is down 20%, and population is slightly negative. So seeing any GDP growth is kind of surprising to be honest.
If we stay on this path, we might be able to cut away a lot more rot in the system, but that will require housing going to only 2/3X wages instead of 15X wages like it is now.
Population wise, having no growth or slight negative growth for 5 years would give Canada the time it needs to churn those that came in when immigration was at 1.5 million per year for multiple years.
Canada should be aiming for a work environment where employers have to compete with each other for workers, and not have the federal government give them mass low wage workers to suppress wages.
We need employers hurting for workers to get wage growth again. And for that, Canada needs to reduce temporary residents from 7.5% that it is now, to less then 2% like it was 5-7 years ago.
Anyone that says. “There is a labour shortage” is BSing, because real labour shortages means massive wage gains. If there is no wage gains, there is no labour shortage.
The 2nd fastest growing economy in the G7 – Francios Phillpe Champagne.
And the lie detector determined…..that was a lie.
We urgently need to shield ourselves from our over-dependence on the American market.
America will always be our largest trade partner but only a fool would put all of his eggs in the same basket.
This is from last month and importantly, before a sharp rebound in our GDP numbers came through in financial updates for the first part of Q2. I would be surprised if this projection is not outdated because of it
Tough place to be at the moments, very happy with how we’re handling it.
That is good. Keep the immigration numbers low. Finally in my area you can find “affordable” rent. 2-3 years ago you had tiny bachelor apartments for $2000 a month.
so remove the 70 billion deficit which i’m sure is actually higher and things are INSANELY bad…
Basically we’re hooped.
It made my day seeing how many people here friends who don’t want humanity to chase relentless GDP growth, instead focused on what is relevant and necessary for rested, healthy, unstressed humans.