PM Justin Trudeau’s 180-degree turnaround in immigration policy has rattled Canada’s higher education sector, providing a glimpse into the shock expected to hit other newcomer-reliant industries over the next few years.

Trudeau’s Immigration U-Turn Hits Canada’s Colleges in Warning for Economy

Struggling colleges show the early impact of an immigration pullback, a major policy reversal by Justin Trudeau’s government

bloomberg.com

Canada's job market remains seriously unbalanced. Public sector employment drove the bulk of November's gain, and has dramatically outpaced the private sector in the years since the pandemic struck:

Great story from Brian here. A high stakes game of chicken.

Brian Platt@brianplatt.bsky.social · 2y ago

Canada’s former chief trade negotiator says that even if Trump exempts oil and gas from his 25% tariffs, Canada may put an export tax on them as retaliation for tariffs on the rest of the economy. An oil trade war to hike fuel prices on Americans. www.bloomberg.com/news/article...

Trudeau’s Immigration Plan Hinges on Millions of People Leaving www.bloomberg.com/news/article... From @rtkwrites.bsky.social and me

Third quarter Canada GDP printed below forecasts.

Fentanyl seizures by US border guards at the Mexico and Canada borders. You'll need a powerful microscope to detect the Canadian numbers on this chart

I made a chart.

Brutal price action in FX on this evening's Trump tariff threats:

Chart by @jayzm.bsky.social showing wages in Canada outpaced overall inflation but not food prices

Going to try this again, as the previous link might not work. Starter pack of Bloomberg News journalists in Canada. Please follow us! bsky.app/starter-pack...