Canada experienced the most substantial increase in decades by growing more than half a million people over the past year. Preliminary estimates were released by Statistics Canada that showed Canada’s population reached 37.1 million on July 1, 2018, an increase of 518,588 from one year earlier, making it the biggest gain since 1957. The 1.4 percent increase in growth terms, is the fastest clip in close to 30 years and the largest among Group of Seven nations.
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The extreme boost, which is being fueled by international migration, is a blessing to the Canadian economy, helping to counteract the impact of an aging workforce at a time business have been challenged with labor shortages. International migration had the largest increase ever reported in Canada’s history, and it accounted for close to 80 percent of population growth, according to Statistics Canada. Newcomers totaled over 303,000 over one year, and non-permanent residents were increased by 165,729.
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