Impact of Slower Population Growth on Canada's Economic Deficit

Overview of Canada's Economic Prospects

Desjardins has pointed out that Canada's economic deficit could rise as a result of slower population growth. This assessment emphasizes potential downside risks to various economic indicators.

Key Concerns

• The federal budget projections do not account for planned reductions in non-permanent residents.
• The absence of these factors could lead to an inaccurate representation of Canada's fiscal health.

Conclusion

In light of these findings, there is an urgent need for policymakers to rethink current economic strategies to mitigate negative impacts of demographic changes on the economy.