Rebalancing Act: Canada’s Five-Year Household Income and Employment Outlook—July 2024

Name: Rebalancing Act: Canada's Five-Year Household Income and Employment Outlook—July 2024
SKU: 13623-0405-WEB
Availability: InStock

Canadian Economics

July 18, 2024

Business and Household Indicators Canadian Economic Analysis

10 min read

Author: Liam Daly

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on household income and employment. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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We share our forecast for Canada’s labour market, including the impacts of the recent interest rate cut and a new soft cap on temporary residents.

Canada’s labour supply is impacted by a range of factors. What is the key influencer of labour supply trends? The current unemployment rate is 6.3 per cent. By 2028, the unemployment rate will decrease to 6.1 per cent. What is the main reason for the decline? The housing market is strained because of the booming population. What action will the federal government take to

Read the online experience to get our full analysis.