Big budgets, population growth will delay economic downturn: Desjardins

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Big budgets, population growth will delay economic downturn: Desjardins
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Infrastructure spending is climbing, with Ont., B.C., Alta. and Sask. slated to spend more in 2024 than in 2023 From alicjawithaj

While affordability measures have been scaled back, the Desjardins report notes that "the latest fiscal blueprints did introduce new measures that could very well stimulate consumer spending ."

"With some exceptions, provincial employment has also started the year stronger than we anticipated," the report said. Population growth has also helped provinces through economic uncertainty, with the Prairie provinces and Atlantic Canada experiencing the strongest gains, helping fill high numbers of job vacancies.But the pending economic downturn will not play out equally across the country. The economists say housing-exposed provinces like Ontario and B.C.

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