Michael Veall News Today

Canada lacks investment to complement the inflow of immigrants – while we wait for housing progress, Canada needs slower and more focused immigration

As worker shortage persists, even threat of recession has not ended need to use labour more efficiently

Business leaders are calling for increased productivity to ride out inflation and a potential recession. But economists battle to understand why Canadian productivity has continued to sag despite a worker shortage.

The construction sector is having a boom year, as consumers and companies pour more dollars into building infrastructure. But a cement shortage — caused by the confluence of a shrinking workforce, inflation, increased demand and issues at major plants — is creating serious issues for the industry across the country.

With inflation reaching astronomical levels, some Canadians may be concerned that rising costs will lead to a decline in economic activity and eventually trigger a recession. Experts, however, say this is unlikely to happen anytime soon.