‘Growing Canada’s population through immigration boosts economic growth and softens the economic burden of a rapidly aging population and low birth rates in Canada,’ concludes the report.
The figure of 413,000 new immigrants per year by 2030 proposed in the report’s most optimistic scenario is well within the realm of possibility for Canada.
As previously reported, in the period of July 2015 to July 2016, immigration levels to Canada reached their highest point since at least 1971, when records began.
A total of 320,932 new immigrants arrived in Canada during that time, representing an increase of one-third over the same period in 2014—2015.
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It also increases the ratio of workers to retirees, which eases pressure on social services.
If population growth continues as established without a significant effort to grow the population, it is projected that Canada will be home to 54 million people by 2100.
A new report from the Conference Board of Canada has found that immigration levels should increase to 413,000 per year by 2030 to strengthen Canada’s economic growth.
The report highlights the need for increased immigration in order to respond to challenges posed by Canada’s aging population.