Having returned to low inflation, Canada is in a better place to deal with new economic shocksThere’s a fair amount of uncertainty on how quickly Canada’s new immigration curbs kick in, BOC will be watchingEffect of changes in assumptions about population growth will have a bigger impact on our GDP forecast that our inflation forecastIf population growth slows faster than assumed, headline GDP will be lower than assumed
The Canadian government announced 20% lower immigration targets yesterday.
This article was written by Adam Button at www.forexlive.com.
