Thanks to immigrants, Canada was likely one of the fastest growing countries in the world between July 1, 2022 and July 1, 2023, according to a new Statistics Canada report.
When you have rapid population increases, everyone that comes here is not just a worker, but they’re also a consumer," Orlando told CTVNews.ca in a phone interview on Wednesday. “So consumer spending in Canada gets increased by the number of people here having increased. And that really supports the GDP growth for Canada at a time when interest rates are starting to bite.”
However, Orlando warned already-strained sectors like health care and housing are not set up to meet the needs of Canada’s rapidly growing population. In fact, they’re failing.
Let’s use that extra tax money to actually fix things.
Let’s use that extra tax money to actually fix things.