It seems like Canada has been in the news for all the wrong reasons lately. The Bank of Canada was blamed for tanking global bond markets earlier this month when it unexpectedly raised benchmark interest rates to the highest in 22 years. Then there’s the toxic, Martian-like haze from wildfires raging in British Columbia to Nova Scotia.

And yet, these events obscure a more relevant reality, which is that Canada is booming like it never has before. Unprecedented population growth, record-low unemployment, the most diversified economy in its 156-year history and a world-beating stock market since 2021 are contributing to what nine out of 10 economists say will be the best performer among the Group of Seven developed countries by 2025.