The Bay Street Financial District is shown with the Canadian flag in Toronto in a file photo. The Canadian Press/Nathan Denette
As Canada’s economy adjusts to a lower-immigration era after years of record population growth driven by immigration, key economic indicators are likely to decline—but this signals a normal readjustment rather than a cause for alarm, according to a new report from the C.D. Howe Institute.
The report, released May 6, says the country will likely see slower GDP growth, declining employment, and weaker growth of the workforce in the coming years as immigration levels fall from highs under the Trudeau administration.
