Blaming immigrants for the housing crisis in Canada is something that all political parties say they’re keen to avoid, yet there have already been risky remarks on that score, across the board. And there will probably be more.
Globe and Mail – Why a soft landing for the Canadian economy is within reach
Faced with soaring inflation and one of the steepest interest rate hike cycles in history, Canadian households and businesses have been bracing for the recessionary shoe to drop for the past year and a half. That’s why it will come as a surprise to many that a recession might not happen after all.
Despite wavering consumer sentiment and some initial bleak economic projections, the economy has continued to soldier on. Canada has added a whopping 284,000 jobs this year. Consumer spending on services has been robust. Real estate activity has picked up after a brief slump. The economy has proven remarkably resilient while facing the dual challenges of high interest rates and high inflation.
