RE:Tailwinds of Demographic Boom in 2023..2.7 % increase
BOC must have read my post..lol...More importantly, BOC is projecting REAL economic growth ex Inflation....about 6% including inflation
Bank of Canada projected that real gross domestic product would increase by 1.4 per cent this year, up from a previous forecast of 1 per cent, and by 1.3 per cent in 2024.
The BOC said a key factor in its 2023 upgrade was the surge in population, which is expanding the pool of labour and consumers.
Canada's population rose by just more than one million people in 2022, an annual increase of 2.7 per cent that was the largest since the late 1950s