Western countries are still grappling with decade-high interest rates and elevated inflation. But in China, prices fell on a year over year basis in July. And amid softer consumer demand and a wobbly real estate market, the Chinese central bank has taken the opposite measure to its Western counterparts: cutting key lending rates. 

Just how bad could things get in China? In this episode of the 10-Minute Take, RBC economists Carrie Freestone and Claire Fan break down what's happening and what it might mean for the rest of the world. We explore the slew of data coming out of the country, add some important context on demographic trends before bringing the conversation back to Canada.

When China sneezes, do we all catch a cold?

Two weeks ago, Canada’s Minister of Immigration announced plans to limit the scope of international migration in Canada over the coming years. The announcement detailed early plans to reduce the share of temporary residents (mostly study and work permit holders) in the population to 5% over the next three years. In order for that target to be reached, the number of temporary residents will need to drop by a staggering 20% over the same time frame. 

On this week’s episode of the 10-Minute Take, RBC Economists Claire Fan and Carrie Freestone break this new policy down. They will walk through details of the newly announced cap, who’s expected to be impacted in the near-term before delving deeper to discuss the broader implications on Canada’s population growth, GDP and other important economic metrics.

What can we expect from Canada’s new cap on temporary residents?

Macroeconomics for everybody! The (new) 10-Minute Take podcast from RBC Economics will explain (in simple terms) what the latest economic data means and why you should care.  It's everything you wanted to know but were too shy to ask -- in less than 10 minutes.

What can we expect from Canada’s new cap on temporary residents?

The 10-Minute Take

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