Commentary,  Inflation,  Macroeconomics

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.

Jim Stanford is Economist and Director of the Centre for Future Work. He divides his time between Sydney, Australia and Vancouver, Canada. Jim is one of Canada’s best-known economic commentators. He served for over 20 years as Economist and Director of Policy with Unifor, Canada’s largest private-sector trade union.