Canada

Bank of Canada Report: Demographic Changes Reshaping Economy

Is immigration the lifeline for an aging economy or a treadmill that prices young families out?

Published 22 hours ago

Bank of Canada Report: Demographic Changes Reshaping Economy

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Above: Two women walk down the sidewalk on a busy city street during Canada's Day Celebrations in Toronto, Ontario, on July 1, 2015. Image credit: Roberto Machado Noa/LightRocket/Getty Images

The Spin

Left narrative

More seniors than children means fewer workers, slower growth and a smaller tax base stuck funding soaring health care bills. Newcomers arrive young, fill the jobs restaurants and farms cannot staff and spend money that lifts demand without fueling inflation. Slamming the door shut just guarantees a poorer, older country with harder choices ahead.

Joshua Barzon on X Bank of Canada

Right narrative

Dialing back immigration already delivered cheaper homes and lower unemployment, proof that community capacity was stretched way past its limits. An economy that stalls the moment the inflow slows is a treadmill, padding corporate payrolls while wages stagnate and young families get priced out. A smaller population beats a country Canadians can no longer afford.

National Post

Maxime Bernier on X