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Event

The 2024 outlook for the economy

By The Logic
Jan 17, 2024
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In an hour-long discussion, The Logic’s executive editor, April Fong, and economic columnist and editor-at-large, Kevin Carmichael, break down the major economic trends to keep an eye on for the year.

Kevin and April’s discussions ranged from the broad impacts of inflation to the possibility of a recession, and then to a closer look at the policy trends around immigration, mortgage rates, and managing productivity.

Key Takeaways:

  • There is underlying pressure to cut interest rates but stickier inflation—and a checklist of other economic data points—will make the Bank of Canada’s decision-making more challenging in the months to come. 
  • Canada’s productivity is in a dire state—and needs to be seriously considered when discussing the country’s economic health. Macro forces such as climate change, technological disruption and an aging population may provide the grit companies need to start investing in technology and long-term strategies.
  • While the political climate and current economic trends might impact decisions made by investors, policymakers, and business leaders, long-term strategies will ultimately be the key to helping Canada stay ahead.

Watch the full recording.

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