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Canada’s population hits 41M months after breaking 40M threshold (globalnews.ca)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

44 comments fedilink hide all child comments

Nine months after reaching a population of 40 million, Canada has cracked a new threshold.

As of Wednesday morning, it’s estimated 41 million people now call the country home, according to Statistics Canada’s live population tracker.

The speed at which Canada’s population is growing was also reflected in new data released Wednesday by the federal agency: between Jan. 1 2023 and Jan. 1 2024, Canada added 1,271,872 inhabitants, a 3.2 per cent growth rate — the highest since 1957.

Most of Canada’s 3.2 per cent population growth rate stemmed from temporary immigration. Without it, Canada’s population growth would have been 1.2 per cent, Statistics Canada said.

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[–] [email protected] 3 points 7 months ago (1 children)

Your graph ends at 2022, we are now in 2024.

I tried to look for a nice graph like you presented, but best I found is this.

https://bcbc.com/insight/canadians-face-40-years-of-stagnant-incomes-governments-economic-strategy-is-failing/

From the article;

Canada is one of the few advanced countries where real incomes are lower than before the pandemic. Real GDP per person is $55,170, compared with $56,379 in 2019, meaning the is generating $1,200 less income per person, or $2,830 less income per household, than it was four years ago.

We estimate Canada will not recover its 2019 income per capita until at least 2027, based on the federal budget’s projections for GDP growth and likely population growth.

[–] [email protected] -3 points 7 months ago* (last edited 7 months ago)

This is just an anti-immigration think piece that cites nothing of substance. While immigration may have negative effects in the short term, it's almost universally understood to be an economic boon in the mid to long term, as an increase in the population leads to more demand for goods and services which stimulates the economy.