Canada’s economy has been resilient as it emerges from the pandemic. Economy-wide output has strengthened substantially since mid-2021, supported by higher goods production and a robust recovery in many client-facing services.

The unemployment rate has been below its pre-COVID baseline since early 2022, while the proportion of Canadians in their prime working years who are employed reached record highs at mid-year.  Despite this strong recovery, many challenges remain as households and businesses continue to adjust to rising prices, supply disruptions and tight labour markets.

Released on November 2nd, “Research to Insights: Recent economic and social developments” presents several of the key economic and social developments that may inform trends, including the impact of population aging. 

Click here to read the full report.