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Jun 4, 2026
· 8 min read
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A recession isn’t Canada’s economic problem, it’s years-long ‘stagnation’ previously masked by immigration: Economists
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Article Excerpt
A recession isn’t Canada’s economic problem, it’s years-long ‘stagnation’ previously masked by immigration: Economists
ANALYSIS
4 JUNE 2026
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ARTICLE
SUMMARY
KEY STATS
As some economists, Prime Minister Mark Carney, and the Bank of Canada all downplayed last Friday’s news that Canada fell into a “technical recession” last quarter, other economists are saying the are-we-in-a-recession-or-not talk misses the point entirely. They contend that ramped-up immigration masked the country’s underlying economic problems over the past decade.
Mikal Skuterud, University of Waterloo economics professor a…
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