BOC Macklem: If population grows slows more than assumed headline GDP will be lower

October 25, 2024
-FCHFX

October 25, 2024 at 07:32PM

Having returned to low inflation, Canada is in a better place to deal with new economic shocks

There’s a fair amount of uncertainty on how quickly Canada’s new immigration curbs kick in, BOC will be watching

Effect of changes in assumptions about population growth will have a bigger impact on our GDP forecast that our inflation forecast

If population growth slows faster than assumed, headline GDP will be lower than assumed

The Canadian government announced 20% lower immigration targets yesterday.

This article was written by Adam Button at www.forexlive.com.

BOC Macklem: If population grows slows more than assumed headline GDP will be lower

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