📈Canada’s population grows by over 1 million for first time
Canada’s population grew 2.7% in 2022, the fastest expansion among advanced economies and on par with many African nations.
The country added a record 1,050,110 people over a one-year period to Jan. 1, bringing the total population to 39,566,248, Statistics Canada reported.
International migration accounted for 95.9% of the growth — a testament to Canada’s decision to counter the economic drag of an aging populace by throwing its doors open to newcomers.
It marks the first time Canada grew by more than a million people in a year, while its industrial peers try different ways to address demographic challenges, including raising the retirement age. If this population growth rate is sustained, the statistics agency said Canada would double in size in about 26 years.
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