Market Outlook: Canada’s weaker economy tied to immigration slowdown - BNN Bloomberg

Canada’s economy is entering a period of slower employment and GDP growth as lower immigration reduces labour force expansion, according to Don Drummond. He argues the shift could make the economy appear weaker even when it is operating near capacity, raising the risk of policy mistakes if demographic changes are misread as economic deterioration. BNN Bloomberg spoke with Don Drummond, fellow-in-residence at the C.D. Howe Institute and Stauffer-Dunning fellow at Queen’s University, about how reduced immigration targets are reshaping Canada’s labour market, why policymakers may be overstating …