The article discusses several economic trends and forecasts for Canada, including:
- Plummeting job vacancies: Statistics show that job openings in Canada are declining, which could be a sign that the economy is slowing down.
- Population growth slowdown: The federal government has reduced the number of foreign temporary residents allowed into the country, leading to a predicted population growth slowdown from 3.1% in 2024 to 0.7% between 2025-2027.
- Economic growth forecasts: National Bank of Canada predicts that economic growth will slow down, with regional differences expected in Alberta and Saskatchewan.
The article also includes:
- Today’s data releases: Statistics Canada releases gross domestic product for April, while U.S. personal income and spending are also released.
- Analysis on the electric revolution and its impact on the gas tax
- Consultations on a $2-billion AI investment by the federal government
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