Canada’s economy looked like it was booming. Then slower immigration made it difficult to maintain that illusion. Economists at BMO Capital Markets challenged the narrative that population growth fuels economic growth. Looking at over 50 years of data, the bank warned investors there’s zero correlation between population and economic growth. The manufactured boom briefly provided a distraction from a weak economy, pairing it with a housing crisis that’s now in full correction mode.
Liberals Used Mass Immigration To Hide A Weak Economy
Canada’s Population Boom Hid A Weak Economy: BMO
