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April 2026

cutting through the fog

Posted on Apr 22, 2026

The Federal Reserve lowered the Federal Funds Rate (FFR) at its October meeting, marking its second quarter-point cut this year. The FFR is now at its lowest level since 2022, standing at 3.75-4.00%.

After holding steady through most of the year, the central bank’s return to rate easing has been driven largely by a cooling labor market. Payroll grow...

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three takeaways from a cooling labor market

Posted on Apr 22, 2026


The Bureau of Labor Statistics (BLS) has recently released a significant tranche of employment data: a full report for November, and a delayed partial report from October. While it’s a messy dataset due to the government shutdown, there are some important learnings. Here are the three major takeaways. 1. The unemployment rate has risen to 4.6%, tho...

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last year’s immigration policy, repackaged

Posted on Apr 22, 2026


The 2025 federal budget has arrived, and sandwiched in the 493-page document is the 2026-2028 Immigration Levels Plan—an update to the government’s immigration policy for the next three years.

Aside from a few adjustments, the latest plan is more or less a continuation of last year’s plan. While that may not sound newsworthy, the implications are ac...

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three take aways from canada’s 2025 population estimates

Posted on Apr 22, 2026

Statistics Canada recently published national and provincial population estimates for Q4 2025, providing the clearest window yet into the impacts of the federal government’s recent change in immigration policy. Here are three of the biggest takeaways from the perspective of British Columbia.

1. Canada's population has declined for the first time eve...

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