Ron DyckCanada is entering a recession and will soon bleed another 100,000 jobs: TD chief economist - The Globe and Mail
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-canada-is-entering-a-recession-and-will-soon-bleed-another-100000-jobs/
Mojo ♻️@dyckron
Yes, Australia is likely to follow if Canada tips into recession. Even if we avoid a technical recession, real living standards here are already falling—wages, housing, and services are all under strain.
As for mass immigration, it’s helping headline GDP and supplying cheap labour, but per capita outcomes are going backwards. Without matching investment in infrastructure, housing, and wages, the policy is becoming economically and socially unsustainable.
#auspol #ausrecession #immigrationpolicy #costoflivingcrisis #housingaffordability #gdppercapita #canadarecession #massimmigration