Canada is deliberately slowing, and possibly reversing, its population growth. But what does that actually mean for the economy?

We are joined by economist Mikuel Scutterat for a wide-ranging and candid conversation about Canada’s immigration reset, GDP per capita, shrinking rental markets, Express Entry category draws, francophone targets, regional programs, and the political risks of a rapidly changing system, winners and losers when immigration rises or falls, why focusing on “essential workers” may be bad long-term policy and social cohesion.

03:06 – Does population size actually matter for prosperity?

10:45 – Falling rents and distributional effects

15:01 – Human capital vs labour shortages

20:39 – Are French targets distorting outcomes?

Listener Questions

32:55 – Economics of mass regularization

39:02 – Regional immigration targets

43:39 – Country caps

48:57 – Underemployment

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