Canada's population reached 41 million people

Nine months after reaching 40 million people, Canada once again broke a new record for population growth. According to the report of Statistics Canada, it is estimated that the population of Canada reached 41 million people on Wednesday morning. In the new data published by this organization on Wednesday, the growth rate of Canada's population between January 1, 2023 and January 1, 2024 is about 3.2 percentage, which is the highest since 1957. The largest share of the 3.2 percent growth rate of the Canadian population is due to the immigration of people with temporary residence. Without it, Canada's population growth would be 1.2 percent, the Statistics Center said.

According to some experts, population growth can be beneficial for the economy. They can fill gaps in the labor market. However, Ottawa has recently sought to reduce the number of temporary visas granted to immigrants in an effort to reduce hardship and the cost of living. Some experts believe that the new restrictions will have a positive impact on the rental market and the overall housing crisis in Canada.

news source