Bank of Canada: "This Damage Is Permanent"
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In this episode, I unpack the Bank of Canada’s latest report, which reveals a structural shift in the nation’s economy due to U.S. tariffs and demographic slowdown. Growth is stagnating, jobs are vanishing, and the Bank admits there’s little it can do. I break down just how serious this moment really is.
Also in this episode:
📉 U.S. tariffs have slashed Canadian exports and GDP, causing long-term structural damage.
👷‍♂️ Manufacturing job losses are rising as demand from the U.S. collapses.
📊 Immigration is slowing sharply, reducing the economy’s growth potential.
đź’¸ Inflation remains stuck near 3% despite economic weakness.
🏦 The Bank of Canada admits monetary policy can't fix these structural shifts.
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