Canada’s population hits 41M, seeing fastest growth in more than 60 years

Reuters

Canada clocks fastest population growth in 66 years in 2023

Canada's population touched a record high of 40.77 million in 2023, largely driven by temporary immigration, Statistics Canada said on Wednesday. The influx of immigrants has been blamed for a housing shortage that has pushed up house prices and sent affordability to new lows, hurting Prime Minister Justin Trudeau's approval ratings. The population growth has also pulled down the country's gross domestic product per capita figures as seen in the last quarter as well as productivity levels, economists and the Bank of Canada have said.