Canada has surpassed a significant milestone, reaching a population of 41 million just nine months after hitting the 40 million mark. Statistics Canada reports an unparalleled growth rate of 3.2% from January 2023 to January 2024, the highest since 1957, largely attributed to temporary immigration. This growth is particularly notable in the final quarter of 2023, with a 0.6% increase marking the highest fourth-quarter growth since 1956. Amidst this rapid expansion, the government is taking measures to manage temporary immigration more sustainably, aiming to alleviate the housing and infrastructure pressures intensified by the influx. Alberta leads in interprovincial migration, reversing previous trends, while Ontario experiences significant outflows. This demographic shift underscores the dynamic nature of Canada's population landscape, influenced by both internal movements and global migration trends.
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#CanadianEconomy#TemporaryImmigration#HousingCrisisCanada#LaborMarketTrends
#InterprovincialMigration#SustainableGrowth#StatisticsCanada#CanadianDemographics
#PopulationMilestone#EconomicDevelopment#MigrationPolicies#HousingSupplyCanada#CanadianProvinces#NetMigration#LaborMarketSkills#InfrastructurePressure
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