Running on Empty: Canada’s Three-Year Labour and Household Outlook

This quarter, we look at interest rates and inflation remain high, what their impact on households, employment and the economy will be.

Will strong labour force growth combined with weakening jobs growth mean higher unemployment this year? Will firms and consumers’ strong wage expectations mean a slow deceleration process for the economy this year? Canada’s strong population growth has supported consumer spending, despite the financial strain brought on by high interest rates, but will this spending remain resilient as the year unfolds?

Read the impact paper to get our full analysis.