{"id":2970,"date":"2025-05-01T13:49:13","date_gmt":"2025-05-01T13:49:13","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2025\/05\/01\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/"},"modified":"2026-03-31T18:28:58","modified_gmt":"2026-03-31T18:28:58","slug":"leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/","title":{"rendered":"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-b-hlf mob-pad-b-hlf\" style=\"border-radius:0x\">\n<p>Canada\u2019s largely steady growth in 2024 compared to 2023 masked notable regional shifts. The first set of provincial GDP estimates (on an industry basis) confirmed our\u00a0<a href=\"https:\/\/thoughtleadership.rbc.com\/canadas-macroeconomic-outlook-u-s-trade-risks-are-derailing-a-recovery\/\" rel=\"noreferrer noopener\" target=\"_blank\">earlier forecast<\/a>\u00a0that Prairie provinces would emerge as Canada\u2019s economic growth leaders in 2024. That marked a shift from 2023 when Ontario contributed most to national growth. Canada\u2019s eastern provinces followed suit by recording above average growth in real GDP while Ontario and B.C. trailed most provinces.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-light-grey-color has-alpha-channel-opacity has-light-grey-background-color has-background is-style-wide wide\" \/>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-prairies\">PRAIRIES<\/h3>\n\n\n\n<p>Prairie provinces collectively accounted for over one-third of national growth last year. Continued in-migration and solid commodity markets offered notable supports for the region, with the exception of Manitoba which suffered from a setback in the utilities sector.<\/p>\n\n\n\n<p><strong>Alberta<\/strong>&nbsp;contributed more than a quarter to national growth\u2014nearly matching the contribution of Canada\u2019s largest provincial economy, Ontario. The province benefited from a 3.7% increase in oil and gas extraction which significantly boosted its goods-producing sector. Strong population growth also supported growth among services industries.<\/p>\n\n\n\n<p><strong>Saskatchewan<\/strong>&nbsp;benefited from increased output in metal ore mining (+36%) and potash mining (+8.3%), though manufacturing declined 4.6%. Construction was a major growth driver in the province (+13%), bolstered by ongoing work on the Jansen Potash mine.<\/p>\n\n\n\n<p><strong>Manitoba<\/strong>&nbsp;saw slower growth in 2023, with the utilities sector acting as a significant drag (-5.1%) due to unusually low water reservoir levels from 2023 droughts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-eastern-canada\">EASTERN CANADA<\/h3>\n\n\n\n<p>Growth accelerated in eastern Canada, lead by services sector gains, despite the sharp slowdown in population growth. Public sector expansion, resource sector rebounds, and construction activity were common growth drivers throughout eastern Canada.<\/p>\n\n\n\n<p><strong>Quebec<\/strong>&nbsp;services growth offset a 0.8% decline in goods production, lead by a 2.6% drop in manufacturing. Educational services rebounded after a strike at elementary and secondary schools in late 2023 came to an end, supporting an overall expansion of real GDP (1.3%) in 2024\u2014which doubled its pace compared to 2023.<\/p>\n\n\n\n<p><strong>Nova Scotia<\/strong>&nbsp;benefited from robust growth among services sectors. Headwinds from mining sector declines following the closure of Touquoy Gold Mine prevented a more robust expansion.<\/p>\n\n\n\n<p><strong>Newfoundland and Labrador<\/strong>&nbsp;rebounded in 2024 after two consecutive years of decline. The 2.4% real GDP expansion offset an equally as large decline in 2023. The turnaround was largely supported by a 4.6% recovery in oil and gas extraction and a 34% surge in metal mining.<\/p>\n\n\n\n<p><strong>New Brunswick<\/strong>&nbsp;saw services growth offset goods production weakness. Public administration and healthcare grew at a faster pace than in 2023 after healthcare shortages and labour disputes among public sector workers had been addressed. The utilities sector was the largest detractor from growth (-18.1%) due to lower electricity generation and reduced out-of-province sales.<\/p>\n\n\n\n<p><strong>Prince Edward Island\u2019s<\/strong>&nbsp;real GDP expansion topped the charts at 3.6% in 2024, driven by real estate and rental\/leasing (+5%), and healthcare and social assistance (+4.4%). Construction also surged with residential construction up 14% as housing starts reached near-record levels.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ontario-b-c\">ONTARIO &amp; B.C.<\/h3>\n\n\n\n<p>Growth moderated in Ontario and B.C.\u2014Canada\u2019s most interest-rate sensitive provincial economies. The lagged impact of past interest rate hikes by the Bank of Canada continued to squeeze household budgets and business investment which pinched the construction and real estate industries.<\/p>\n\n\n\n<p><strong>Ontario\u2019s<\/strong>&nbsp;overall economic performance was dampened by weakness in goods-production (-2.3%) and manufacturing (-4.7%) industries compared to 2024. Residential construction also declined for a third consecutive year in the province, pulling real GDP growth down to 1.2% in 2024 from 1.8% in 2023.<\/p>\n\n\n\n<p><strong>British Columbia\u2019s<\/strong>\u00a0growth engine sputtered in 2024, with real GDP expansion halving to 1.2% from 2.4% in 2023. Construction activity was a weak spot (-5.7%) with residential construction falling 8.8%. The province\u2019s goods-producing sectors dragged heavily on performance too, with manufacturing output plunging 6.2% and overall goods production falling 2.9%.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-light-grey-color has-alpha-channel-opacity has-light-grey-background-color has-background is-style-wide wide\" \/>\n\n\n\n<p><em><strong>Rachel Battaglia<\/strong>\u00a0is an economist at RBC. She is a member of the Macro and Regional Analysis Group, providing analysis for the provincial macroeconomic outlook and budget commentaries.<\/em><\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>The first set of provincial GDP estimates confirmed our earlier forecast that Prairie provinces would emerge as Canada\u2019s economic growth leaders in 2024.<\/p>\n","protected":false},"author":79,"featured_media":2958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,82,84],"tags":[115],"rbc_econ_content_type":[],"class_list":["post-2970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-featured-analysis","category-insights","tag-canada"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024 - RBC Economics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024\" \/>\n<meta property=\"og:description\" content=\"The first set of provincial GDP estimates confirmed our earlier forecast that Prairie provinces would emerge as Canada\u2019s economic growth leaders in 2024.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-01T13:49:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-31T18:28:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"584\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"amandeepsingh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"amandeepsingh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/\"},\"author\":{\"name\":\"amandeepsingh\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/db529602099a2ded312dbdba2faeec36\"},\"headline\":\"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024\",\"datePublished\":\"2025-05-01T13:49:13+00:00\",\"dateModified\":\"2026-03-31T18:28:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/\"},\"wordCount\":629,\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80\",\"keywords\":[\"Canada\"],\"articleSection\":[\"Canadian Analysis\",\"Featured Analysis\",\"Insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/\",\"name\":\"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024 - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80\",\"datePublished\":\"2025-05-01T13:49:13+00:00\",\"dateModified\":\"2026-03-31T18:28:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/db529602099a2ded312dbdba2faeec36\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80\",\"contentUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80\",\"width\":584,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbc.com\/en\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/\",\"name\":\"RBC Economics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/db529602099a2ded312dbdba2faeec36\",\"name\":\"amandeepsingh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/faaad12eee685933b0296c55092e02efcbb33987c86464041ff576c02302913b?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/faaad12eee685933b0296c55092e02efcbb33987c86464041ff576c02302913b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/faaad12eee685933b0296c55092e02efcbb33987c86464041ff576c02302913b?s=96&d=mm&r=g\",\"caption\":\"amandeepsingh\"},\"url\":\"https:\/\/www.rbc.com\/en\/economics\/author\/amandeepsingh\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024 - RBC Economics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/","og_locale":"en_US","og_type":"article","og_title":"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024","og_description":"The first set of provincial GDP estimates confirmed our earlier forecast that Prairie provinces would emerge as Canada\u2019s economic growth leaders in 2024.","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/","og_site_name":"RBC Economics","article_published_time":"2025-05-01T13:49:13+00:00","article_modified_time":"2026-03-31T18:28:58+00:00","og_image":[{"width":584,"height":300,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80","type":"image\/png"}],"author":"amandeepsingh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"amandeepsingh","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/"},"author":{"name":"amandeepsingh","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/db529602099a2ded312dbdba2faeec36"},"headline":"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024","datePublished":"2025-05-01T13:49:13+00:00","dateModified":"2026-03-31T18:28:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/"},"wordCount":629,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80","keywords":["Canada"],"articleSection":["Canadian Analysis","Featured Analysis","Insights"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/","name":"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024 - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80","datePublished":"2025-05-01T13:49:13+00:00","dateModified":"2026-03-31T18:28:58+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/db529602099a2ded312dbdba2faeec36"},"breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80","width":584,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/leadership-shuffle-prairie-provinces-powered-canadas-growth-in-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"Leadership shuffle:\u00a0Prairie provinces powered Canada\u2019s growth in 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/economics\/#website","url":"https:\/\/www.rbc.com\/en\/economics\/","name":"RBC Economics","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/db529602099a2ded312dbdba2faeec36","name":"amandeepsingh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/faaad12eee685933b0296c55092e02efcbb33987c86464041ff576c02302913b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/faaad12eee685933b0296c55092e02efcbb33987c86464041ff576c02302913b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/faaad12eee685933b0296c55092e02efcbb33987c86464041ff576c02302913b?s=96&d=mm&r=g","caption":"amandeepsingh"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/amandeepsingh\/"}]}},"author_meta":{"display_name":"amandeepsingh","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/amandeepsingh\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/04\/US-v3-_-Banner-Small-_-584-x-300-px-1.png?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/\" class=\"advgb-post-tax-term\">Canadian Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/\" class=\"advgb-post-tax-term\">Featured Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Insights<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canadian Analysis<\/span>","<span class=\"advgb-post-tax-term\">Featured Analysis<\/span>","<span class=\"advgb-post-tax-term\">Insights<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Canada<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canada<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 12 months ago","modified":"Updated 3 weeks ago"},"absolute_dates":{"created":"Posted on May 1, 2025","modified":"Updated on March 31, 2026"},"absolute_dates_time":{"created":"Posted on May 1, 2025 1:49 pm","modified":"Updated on March 31, 2026 6:28 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/2970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=2970"}],"version-history":[{"count":1,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/2970\/revisions"}],"predecessor-version":[{"id":8744,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/2970\/revisions\/8744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/2958"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=2970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=2970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=2970"},{"taxonomy":"rbc_econ_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/rbc_econ_content_type?post=2970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}