Yet Another Challenging Quarter Lies Ahead for the Canadian Economy: GrowthNow
Canadians have shown resilience in the face of elevated prices and rising interest rates, but it appears that higher interest rates are beginning to make an impact—growth in household spending decelerated to 0.1 per cent in the second quarter of 2023.
Will AI Take Your Job with Mike Burt and Benjamin F. Jones
Doomsday scenarios are the currency of the day when it comes to artificial intelligence’s impact on the jobs market. But technologists aren’t always that great at economic forecasting. In this episode, Mike and Ben share their assessments of how AI is impacting jobs and why the promise of this new technology represents a sea change in the way that economists have thought about the risks from job automation.
Immigration Research
Our immigration research seeks to strengthen Canada’s immigration system by analyzing current challenges, including Canada’s aging demographics, and by evaluating policy assumptions around immigration and immigrants’ success in the labour market.
Featured Insights
Gasoline Reignites Year-over-Year Price Growth in August
Canadian Economics September 19, 2023
Over the last year, the gradual easing of gasoline prices has helped the pace of overall price growth fall back to earth. However, the price of gas has begun to pick up again. In August, gasoline was a net contributor to overall price growth and the same will likely be true in September.
Quick take • 3-min read
Kiefer Van Mulligen
Despite Port Strike, Manufacturing Sales Picked Up in July
Canadian Economics September 15, 2023
Real manufacturing sales popped up by 0.9 per cent in July despite labour action at Canada’s west coast ports and an ongoing economic slowdown. The month’s strong sales figures also came despite nature conspiring against industrial activity, with wildfires likely impacting production across many manufacturing subsectors.
Quick take • 2-min read
Kiefer Van Mulligen
How to Overcome Canada’s Innovation Paradox
Innovation and Technology September 11, 2023
Canada has an innovation problem, and without a significant, continuous, and national effort to foster innovation and capture the value of intellectual property, economic growth in Canada will remain insufficient and our standard of living will continue to decline.
Op-ed • 3-min read
Alain Francq
Featured Publications
Recent Releases
GrowthNow is a real-time forecast of Canadian real GDP growth, using the latest statistics on…
This quarterly economic forecast for the province of Nova Scotia examines the economic outlook for…
This research looks at how public policy and philanthropy can help sustain Indigenous-led initiatives to…
This quarterly economic forecast for the province of Ontario examines the economic outlook for the…
Cette recherche examine comment le secteur de la philanthropie et les responsables des politiques peuvent…
The monthly Index of Consumer Confidence is constructed from responses to four attitudinal questions posed…
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