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Weaker labour market, still-high interest rates and dwindling savings to crimp consumer spending

Points on a graph

Range of possible futures depends on immigration levels

Bank of Canada note

Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds

Immigration Canada

Temporary residents drive growth, but StatsCan sees signs of slowing

Stick figures

Wages still rising despite waning labour demand, StatsCan reports

dominos falling

Populism driving polarization, weakening region's governments, institutions

Rate cuts remain data dependent as growth cools, recession avoided

Bank of Canada headquarters

Research suggests that further slack is needed to bring inflation back to target

jobless puzzle pieces

Weakening economy and high interest rates push businesses to rein in hiring

Now hiring sign

Hard-hit sectors likely to feel the brunt of a decline in cheap labour