June 14, 2024
Riverview Rotarian, Jason Anderson (banker by trade) gave members a most interesting update on the current status of the Canadian economy. From interest rates, inflation, cost of real estate, energy and immigration. One comment stayed with me: "two thirds of what is happening in the economy can be explained by immigration". A record 400,00 people entered Canada in the first three months of 2024. An additional 4 million people over the past 4 years. This impacts everything - price of real estate, cost of rent, inflation, energy consumption, etc. etc.
Here are some of the slides from his presentation:
