Jay Zhao-Murray

Unless you’re Citi, who said they’re sticking to their 50bp call for January.

Trudeau’s Immigration U-Turn Hits Canada’s Colleges in Warning for Economy Struggling colleges show the early impact of an immigration pullback, a major policy reversal by Justin Trudeau’s government

PM Justin Trudeau’s 180-degree turnaround in immigration policy has rattled Canada’s higher education sector, providing a glimpse into the shock expected to hit other newcomer-reliant industries over the next few years.

When I tell the StatsCan analysts their website should be more like FRED they always get really sad and agree.

Canada's job market remains seriously unbalanced. Public sector employment drove the bulk of November's gain, and has dramatically outpaced the private sector in the years since the pandemic struck:

Great story from Brian here.

A high stakes game of chicken.

That projected net loss of about 900,000 international students, laborers and other non-permanent residents is a little more than 2% of Canada’s current population. It would be roughly the equivalent of removing Indiana from the US.

Slamming the brakes on record-setting population growth requires 2.4 million non-permanent residents to leave or change status over the next two years, according to the government’s forecasts, which also see 1.5 million new temporary arrivals during that time.

Prime Minister Justin Trudeau’s plan to fix immigration in Canada depends on the biggest exodus of people since at least the 1940s — one that many economists doubt is feasible.

Trudeau’s Immigration Plan Hinges on Millions of People Leaving www.bloomberg.com/news/article...

From @rtkwrites.bsky.social and me

Story from @rtkwrites.bsky.social

Household spending may be turning a new leaf, though.

Third quarter Canada GDP printed below forecasts.

Fentanyl seizures by US border guards at the Mexico and Canada borders. You'll need a powerful microscope to detect the Canadian numbers on this chart

Canada’s Oil Patch Warns Trump’s Tariffs Would Raise US Gasoline Prices Canada’s oil industry stressed the economic and security benefits of its exports to the US, while also using President Elect Donald Trump’s threat to impose tariffs on the country’s goods as a chance ...

www.bloomberg.com/news/article...

Story by @kevinorland.bsky.social and Robert Tuttle.

I made a chart.

Brutal price action in FX on this evening's Trump tariff threats:

Chart by @jayzm.bsky.social showing wages in Canada outpaced overall inflation but not food prices

Going to try this again, as the previous link might not work. Starter pack of Bloomberg News journalists in Canada. Please follow us!

bsky.app/starter-pack...