Canada’s economy runs on consumer spending, and consumer spending runs on people. Slowing population growth weakens that foundation

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Canada’s economy runs on consumer spending, and consumer spending runs on people. By policies that are shrinking population growth through tighter immigration, student and foreign worker caps, Ottawa is weakening one of the few economic levers it still controls.

The global trade situation has been turned upside down by the unforeseen, unexpected, frequent, and seemingly random changes in tariffs and other trade policies that have been emerging from the United States. Since the U.S. is still the world’s largest economy and Canada’s biggest trading partner, this will affect everyone, including Canadians, but it is impossible to say how.

The world political situation is now more volatile than it has been for decades, with wars and other conflicts much too easy to start and almost impossible to stop.

Given all the factors we can’t do much about, we should really be focusing on those elements that we do have some control over. One of these is population.

You can’t grow an economy without people.

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