Canada’s Five-Year Outlook—January 2025

Canada’s Five-Year Outlook—January 2025

Canadian
24 min read

Author: Cory Renner, Doris Chu, Jake Lenarduzzi, Kiefer Van Mulligen, Maxime Arseneau, Meghan Eibner, Richard Forbes, Robin Wiebe

$735.00

This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

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Red Sky in the Morning

This quarter, we assess the effect on the Canadian economy of ongoing interest rates, recent changes to immigration policy, and threatened tariffs on goods destined for the United States.

What will severe cuts to both permanent and temporary migration to Canada mean for population growth, the labour force, housing markets, and the tax base over the next several years? To what extent are threatened tariffs already affecting government policy and consumer and business behaviour? We share our forecast for Canada’s economic and fiscal outlook over the next five years, including gross domestic product, interest rates, jobs, business investment, housing markets, and international trade.

Read the online experience to get our full analysis.

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