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Prime Minister Mark Carney released the long-awaited Budget 2025 at a time when Canada faces below-potential economic growth.
Key Insights from BDL’s New Report
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Powered by 45 economic indicators, BDLNow is a nowcast tool that delivers a real-time estimate of Canada’s GDP growth.
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July saw significant job losses (-41k, -0.2%), marking the sharpest month-over-month decline since January 2025. Both the employment and participation rates dropped by 0.2 percentage points each. With reduced labour demand this summer, the youth were hit hardest by these losses.
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Canada’s federal regulatory burden has quietly ballooned — and the cost to business is no longer invisible.
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