Canadian Economy: Population Increase and Reserve Hike-for-Hike

canadian economy: The biggest population increase in six decades, driven by international migration, is one reason the Bank of Canada has been able to match the Federal Reserve hike-for-hike since June 2017 making the two easily the most hawkish central banks in the Group of Seven, according to Toronto Star. In its latest increase Wednesday, the Ottawa-based central bank highlighted how the surge has bolstered consumption and housing activity. The Canadian economy Well, it has its human stimulus. The biggest population increase in six decades, driven by international migration, is one reason the Bank of Canada has been able to match the Federal Reserve hike-for-hike since June 2017. Under Prime Minister Justin Trudeau, Canada's population has jumped by 1.4 per cent over the past year, double the U.S. pace, driven by a surge in non-permanent residents like students and higher immigration levels. Paul Chiasson / THE CANADIAN PRESS Labor income is being boosted by the larger population, the Bank of Canada said in a report Wednesday that accompanied its decision to increase borrowing costs for a third time this year, keeping pace with the Fed's three moves. (www.immigrantscanada.com). As reported in the news.