Immigration to the Rescue: New Canadians are Preventing a Recession - RBC Report

📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ In this episode, we explore why Canada feels like it's in a recession despite not being officially declared as one. With high interest rates, inflation, rising unemployment, and softening retail demand, the economic landscape is tough. However, a surge in immigration is keeping the economy afloat, providing a crucial buffer against recessionary forces. Also in this episode: 🪙 The Bank of Canada is set to lower interest rates again, hoping to ease financial pressures as inflation cools down. 🇺🇸 The upcoming U.S. presidential election causes market volatility as Biden steps down and endorses Kamala Harris. 🛏️ Fairfax Financial Holdings acquires Sleep Country Canada in a $1.7 billion deal, set to close in late 2024. Thank you to BMO ETFs for supporting this video. Learn more about how BMO ETFs can help you: