Navigating Demographic Shifts and Global Trade Risks
Quebec’s fiscal outlook is becoming increasingly challenging. The government expects a record-high deficit of $13.6 billion in 2025–26 as it ramps up economic stimulus and infrastructure spending in response to global trade headwinds. At the same time, demographic pressures are weighing on healthcare costs and reducing the future taxpayer base.
In light of trade-related risks, which remain front and centre, which key sectors are most vulnerable to further trade restrictions? What will be the impact on a tightening labour market, housing construction measures and healthcare and social services in light of stricter immigration measures, lower intake targets, and increasing retirements? What stimulus measures is the provincial government considering to help it ride the storm?
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