Bank of Canada Warns of Turbulent Phase

The Bank of Canada warns the economy is entering a long-lasting turbulent phase driven by structural shifts in trade, migration, and technology.
These structural changes are expected to reshape growth and stability, making monetary policy decisions more complex in coming years.
The central bank highlighted long-term impacts on investment, productivity, and job growth as the economy adjusts.
Policymakers expect the transition to take years rather than quarters, with gradual adjustment to new economic conditions.