Risks and Uncertainties Facing Canada’s Economy in 2024

Canada’s economy enters the New Year facing a wide range of challenges and uncertainties: high interest rates, stalling economic growth, and rising unemployment. To review the outlook, CBC Radio’s Sunday Magazine, hosted by Piya Chattopadhyay, recently broadcast a full 20-minute interview with Centre for Future Work Director Jim Stanford. The interview considered:

• The outlook for inflation and interest rates.
• Factors behind the gradual increase in unemployment.
• The growing contrast between the economic trajectory in Canada and the U.S. (which has enjoyed faster growth with equal inflation, but with much larger deficits). 
• The economic consequences of political instability in the U.S. and elsewhere.

The full recording of the CBC Sunday Magazine interview is available here.