This impact paper examines the outlook for employment, wages, and household consumption in Canada. It includes medium-term projections for household spending on goods and services, among other variables.
This quarter’s economic forecast raises, and answers, some intriguing questions. How much will the potential for firms to hoard labour affect the unemployment rate? What impact will costlier mortgages have for new home buyers. And how much will record levels of immigration over the coming years affect employment growth?
Read this impact paper to get our full analysis.
Key findings
Labour and households snapshot
Overview
Labour market outlook
Household finances –On borrowed time?
Recovery will keep momentum behind spending on services
Bad news for goods
Methodology
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