Canada's Economy, Explained

Trade used to be about efficiency. Now it’s increasingly about resilience, leverage and security.  In the mid-season finale, host Marwa Abdou sits down with two of the world’s leading trade policy voices: Wendy Cutler, Vice President at the Asia Society Policy Institute, and former Acting Deputy U.S. Trade Representative following nearly three decades at USTR, and Deborah Elms, Head of Trade Polic...

For years, Canada has been described as a stable economy. Strong banks. Disciplined policy. Rising household wealth. But underneath that stability, something else has been doing much of the heavy lifting — households.  Canadian households now carry some of the highest debt burdens in the advanced world, with mortgage debt and housing wealth increasingly shaping not just personal finances, but the...

You earn it in one currency. You spend it in one place. It feels local. Personal. Contained.  But the system that determines how money actually behaves operates at a different level entirely.  In this episode, host Marwa Abdou sits down with Kenneth Rogoff, Maurits C. Boas Professor of Economics at Harvard University and author of Our Dollar, Your Problem , to unpack the architecture of U.S. dolla...

Inflation is cooling. The data says the worst is behind us. So why does everything still feel so expensive?  In this episode, we unpack one of the defining economic puzzles facing advanced economies today: The gap between what the numbers say and what people actually feel. Because inflation isn’t just about how fast prices are rising, it’s about where they land, and what it takes to live with that...

Canada has built one of the most ambitious immigration systems in the world. For decades, our system has selected newcomers based on education, language ability and professional experience, with the expectation that those skills will translate into economic opportunity.  But that translation is not automatic.  In this episode, host Marwa Abdou, migration scholar Dr. Anna Triandafyllidou and labour...

What if economic growth is real but only in certain places?  In this special two-part episode, we move beyond headline GDP to examine the territorial foundations of economic development. Guest Dr. Andrés Rodríguez-Pose, Princesa de Asturias Chair in Economic Geography at the London School of Economics, and Director of the Cañada Blanch Centre, draws on decades of research to explain how regions fa...

What if economic growth is real but only in certain places?  In this special two-part episode, we move beyond headline GDP to examine the territorial foundations of economic development. Guest Dr. Andrés Rodríguez-Pose, Princesa de Asturias Chair in Economic Geography at the London School of Economics, and Director of the Cañada Blanch Centre, draws on decades of research to explain how regions fa...

Canada isn’t short on talent, research or ideas. Yet living standards are under pressure, and productivity growth has slowed. What is really holding the economy back?   In this extended episode, host Marwa Abdou brings together two leading economists for a rare back-to-back look at the productivity puzzle from both a macroeconomic and innovation perspective.   Paul Beaudry, Professor at the Vancou...

Welcome to Season 2 of Canada’s Economy, Explained! Host Marwa Abdou opens the season by stepping back from the usual ritual of economic forecasting to ask a more fundamental question: What happens when the systems shaping our economy are tested in real time? Before looking ahead to 2026, this episode examines what the past year revealed about the limits of prediction, the persistence of economic...

In this special episode, recorded live at the Canadian Chamber of Commerce’s AGM and Convention, host Marwa Abdou speaks with Minh Tri Dang, Senior Vice President of Strategy and Finance at Wilson, and Karla Congson, CEO and Founder of Agentiiv, about the intersection of work, leadership, and innovation at a critical moment for Canada’s economy. Technology is advancing faster than our ability to b...

Taxes shape more than government revenue. They shape trust. In this episode, host Marwa Abdou sits down with Heather Scoffield, founding CEO of the Canadian Tax Observatory, to explore how Canada’s tax and fiscal systems influence the country’s ability to build, grow and compete. Together, they unpack the tensions inside the 2025 Federal Budget, from the renewed focus on large-scale capital projec...

Canada’s immigration system isn’t one program; it’s an entire architecture. A maze of pathways, permits, and policies that shape who gets in, who gets to work, and who gets to stay. In this episode, host Marwa Abdou sits down with Dr. Mikal Skuterud, Professor of Economics at the University of Waterloo, and one of Canada’s leading labour economists, to unpack what he calls the country’s two-step s...

What’s the greatest comeback Canada has never seen?   According to special guest Carol Ann Hilton, Founder and CEO of the Indigenomics Institute, it’s re-centering Indigenous economic power and Indigenous participation. But part of that re-centering requires acknowledging that Canada was formed through Indigenous economic and cultural exclusion and that this exclusion has an impacted all Canadians...

Does your favourite social media app or e-commerce site’s algorithm hold more power than your country’s elected government? Do regulators really have to choose between innovation and security? Can algorithms be neutral?  Listen as host Marwa Abdou and guests Vass Bednar (Executive Director, Canadian Shield Institute) and Kaylie Tiessen (Chief Economist, Canadian Shield Institute) discuss the profo...

Did you know that nearly half of the world’s trade moves through the Asia-Pacific? That your blueberries in January, the anime you stream, and your kid’s hockey gear are all part of a system quietly shaped by economies as varied as Chile, Japan, Mexico, Korea and Vietnam?  Listen as host Marwa Abdou peels back the layers on the forum that keeps much of that world running smoothly: APEC (Asia-Pacif...

In this special back-to-basics episode of Canada’s Economy, Explained, host Marwa Abdou cuts through the alphabet soup of GDPs, CPIs, and BoC rate cuts to tackle the real questions Canadians keep asking. Why is it easier to trade with the U.S. than across provinces? Why is climate policy so expensive? Why are interest rates cooling inflation but putting the freeze on housing? Why is youth unemploy...

Once a pillar of middle-class security, affordable homeownership has slipped out of reach for millions of Canadians. But economist Mike Moffatt (Missing Middle Initiative, Smart Prosperity Institute, Ivey Business School at Western University) argues the housing crisis isn’t just about sky-high prices; it’s the result of a system-wide failure. In this episode, Moffatt joins host Marwa Abdou to tra...

Canada’s population is retiring earlier and living longer. Even so, the age 65 retirement threshold, inherited from 19th-century Prussia, continues to anchor public policy and social expectations. In this episode, Professor Kevin Milligan (Professor of Economics, University of British Columbia) joins host Marwa Abdou to breakdown how this outdated convention often fails to account for disparities...

Do Canada’s public policies reflect the reality of today’s workers? Many of the social programs Canadians rely on for economic security were designed in and for a very different era. Built around a mid-20th-century vision of work and family life, programs like Employment Insurance, the Canada Pension Plan, and key parts of our tax system still assume a post-war era worker that is full-time, uninte...

In this episode of Canada’s Economy, Explained , host Marwa Abdou sits down with Avi Goldfarb—Rotman Chair in Artificial Intelligence and Healthcare at the University of Toronto, and co-author of Prediction Machines and Power and Prediction .  Goldfarb is one of the world’s leading economists on the business implications of AI. Together, they examine why Canada, despite its early leadership in AI...

In this episode of Canada’s Economy, Explained , host Marwa Abdou explores Canada’s pivotal role as G7 and B7 president in 2025 and the country’s opportunity to lead on AI adoption and sustainability. Joining her are Tom Mosseau and Franco Amalfi from Capgemini Canada—a global consulting and technology firm—who break down the challenges and possibilities facing Canadian businesses. Tom Mosseau poi...

In this episode of Canada’s Economy, Explained , host Marwa Abdou brings us insights from the inaugural Business Data Lab conference, The Case for Canada. Trust—once the invisible foundation of commerce and governance—is now fractured, with only 62% of Canadians expressing moderate or high trust in institutions, according to Edelman’s Trust Barometer. Former Statistics Canada Chief Anil Arora open...

In this episode of Canada’s Economy, Explained , host Marwa Abdou sits down with Dr. Trevor Tombe, Professor of Economics at the University of Calgary and Director at the School of Public Policy. Tombe discusses the widening fiscal divide between Canada and the United States and what it means for Canada's economy, trade, and future stability. While Canada’s federal deficit stands at 1.6% of GDP, t...

In this episode, host Marwa Abdou speaks with Dawn Desjardins, Chief Economist at Deloitte Canada, about the country's fragile economic outlook for 2025. Desjardins shares insights from Deloitte’s Calm Before the Storm report, which highlights falling interest rates, stable inflation, and household savings as economic supports — while new U.S. tariffs and slowing immigration policies introduce ser...

In this episode of Canada’s Economy, Explained , host Marwa Abdou sits down with Dr. Chad P. Bown, Reginald Jones Senior Fellow at the Peterson Institute for International Economics and former Chief Economist at the U.S. Department of State, to examine how new U.S. tariffs could impact Canada’s economy. Bown explains how Canada’s deep ties to U.S. supply chains leave it exposed to major cost incre...