Immigration, Population Growth, and the Labour Market Paradox
Canada is growing its population faster than at any point since the 1950s. This is simultaneously a solution to demographic decline and a new source of economic stress.
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Pharmacare’s Fiscal Arithmetic
Canada is the only country with universal health care that does not cover prescription drugs. The political will to change this exists; the fiscal path is narrower than advocates acknowledge.
Read MoreGDP Per Capita: The Number That Changes Everything
Canada’s headline GDP growth has looked respectable. Strip out population growth and the picture is considerably less reassuring.
Read MoreThe Quiet Collapse of Office Real Estate
Downtown office vacancies in Canada’s major cities have reached levels not seen since the early 1990s recession. The implications for city tax bases are just beginning.
Read MoreThe Deficit Hawks Are Back — And This Time They Have a Point
After years of expansionary fiscal policy, the political and economic case for deficit reduction is gathering momentum. Understanding what is legitimate and what is rhetorical matters.
Read MoreThe Bank of Canada’s Credibility Problem
After a historic tightening cycle, the Bank faces a new challenge: communicating a pivot without reigniting inflation expectations.
Read MoreMortgage Renewal Wave: What 2025 and 2026 Actually Look Like
Approximately 1.2 million Canadian mortgages renew in each of the next two years. The arithmetic of payment shock is stark.
Read MoreCritical Minerals: Canada’s Strategic Moment
The green energy transition has turned Canada’s mineral wealth into a geopolitical asset. Whether Canada can capture the value-added opportunity is the harder question.
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