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It’s Thursday, April 2. Here are the top stories we’re following today.
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Canada’s lacklustre productivity growth is generally presented as an economic problem and its housing crisis is usually treated as a social problem. Those things are true, but there is also a deeper connection between the two.
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Canada may have hit the North Atlantic Treaty Organization spending target of two per cent of gross domestic product five years ahead of schedule, but reaching the spending target of five per cent of GDP by 2035 could require tough sacrifices from Canadians today, according to a new report from the C.D. Howe Institute.
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Deloitte Canada has downgraded its growth expectations for Canada in 2026, forecasting gross domestic product will rise by 1.2 per cent this year, compared to its previous forecast in January of 1.5 per cent. The downgrade comes as the global economy reels from the impacts of the United States–Israel war on Iran.
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Canadians are naturally fixated on the hit to their finances from filling up at the gas pump, but it’s the rising cost of diesel — the “life of the economy” — that could really sock it to people’s pocketbooks and the economy.
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Think past the headlines and even take advantage of deals when everyone else is panicking, says 5i Research chief executive Ryan Modesto.
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