Since lower income households are more likely to be net borrowers, looser monetary policy is likely to decrease wealth inequality. - Portfolio composition: lower real interest rates increase asset prices, including house prices. The overall impact of looser monetary policy on wealth inequality depends on the composition and distribution of assets across the wealth distribution.
While the pandemic cut immigrant flows nearly in half in 2020, Canada met its ambitious immigration target for 2021, and further increases are projected for 2022. Education has also been a challenge throughout the pandemic. But we can’t afford to lose our education edge.