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CANADA: Population Growth Slows For First Time Since 2020

CANADA
CanadaNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Population +0.6% in Q2 vs +0.8% in same quarter last year, StatsCan says Wed.
  • It was still the fastest Q2 population growth since 1972, with 96% of the gain coming from immigration.
  • Non-permanent residents grew at the smallest pace since Q1 2023.
  • Bank of Canada has focused on implications of population gains for inflation, saying that while new workers boost the economy's potential output there are some signs of short term pressures on housing costs.
  • Government recently moved to scale back some short-term student visas amid political pressure over housing costs while saying it's committed to more immigration overall.
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  • Population +0.6% in Q2 vs +0.8% in same quarter last year, StatsCan says Wed.
  • It was still the fastest Q2 population growth since 1972, with 96% of the gain coming from immigration.
  • Non-permanent residents grew at the smallest pace since Q1 2023.
  • Bank of Canada has focused on implications of population gains for inflation, saying that while new workers boost the economy's potential output there are some signs of short term pressures on housing costs.
  • Government recently moved to scale back some short-term student visas amid political pressure over housing costs while saying it's committed to more immigration overall.