Canada's Population Exploded Almost 300,000 In 1st 3 Months Of 2023

[Economy 52,845]

https://www.bnnbloomberg.ca/canada-just-set-a-new-record-for-population-growth-1.1939027

 

Canada hit a new record for most population growth in a single quarter (Q1 of 2023) of almost 300,000 (292,000 to be exact)

 

At 0.7% growth in a single quarter, it hit a higher population growth rate than most developed Nations in an entire year, and continues to grow at an annual rate of over 1 million. Shortly after the quarter ended the milestone of 40 Million was hit

 

Canada continues to struggle with a severe housing shortage striking concerns that a high immigration rate (3.5X the pace of USA relative to population size) is making it increasingly impossible to house everyone

 

 

[HermioneT 1,998]

Germany with its 1.3% growth and a plus of 2.5 million immigrants in 2022 says hello haven't been able to get myself a doctor's appointment in months because no one can accept new clients. I know several people living in an old shops without kitchen etc because of housing shortage.

[Emvee 8,829]

That’s capitalism baby. Some developed nations have caught on to the fact that they need population growth one way or another to keep up economic growth… but failed to see the need to house them 

[StarstruckIllusion 53,564]

The only issue here is the lack of support for all these people. I think I said this before but it’s like inviting all your friends to your dirty and unready home. Whether that’s bc too many people are coming or the systems are not ready for it - it’s a different conversation 

I still have anxieties about this

[Economy 52,845]

2 hours ago, HermioneT said:

Germany with its 1.3% growth and a plus of 2.5 million immigrants in 2022 says hello haven't been able to get myself a doctor's appointment in months because no one can accept new clients. I know several people living in an old shops without kitchen etc because of housing shortage.

In 3 months? That's pretty astounding actually 

[HermioneT 1,998]

16 minutes ago, Economy said:

In 3 months? That's pretty astounding actually 

In 2022, the whole year.

[Maxine Puth 9,053]

1 minute ago, HermioneT said:

In 2022, the whole year.

I think his point is “1.3% is cool, but at this rate Canada would be 2.8% in 2023” 

[Economy 52,845]

3 hours ago, HermioneT said:

In 2022, the whole year.

Still impressive. But yeah OP about Canada is for the first 3 months alone

[Ayesha Erotica 1,924]

We used to think of Canada as geographically huge country with a small population in the shadows of USA and distant to the UK; more in the same league with Australia. However, we have to re-define how we think about it. Toronto is establishing itself as a major anglophone city in the world and Canada is here to stay in the Top 10 of the worlds largest economies.

Canada's population has surpassed Polands population and it will surpass Ukraines war-torn population in a few yeasr. Also Canada's GDP is bigger than Brazil's and Canada will overtake Italy's economy in some years.

Again, I think it is unlikely that a lusophone person would migrate from Ca to Brazil because it is much more likely that they would mgirate from BRA to CAN, and CAN offers some of the best job opportuniies in the world, therefore you shouldn't feel bad about not talking to your future kids in Portuguese. CAN is their future, and if not, US-America will most likely be.

Once Canada will have surpassed 50 million inhabitants, I think we should move it from the category "medium" to "big in every aspect".

[Economy 52,845]

19 hours ago, LoliLux said:

We used to think of Canada as geographically huge country with a small population in the shadows of USA and distant to the UK; more in the same league with Australia. However, we have to re-define how we think about it. Toronto is establishing itself as a major anglophone city in the world and Canada is here to stay in the Top 10 of the worlds largest economies.

Canada's population has surpassed Polands population and it will surpass Ukraines war-torn population in a few yeasr. Also Canada's GDP is bigger than Brazil's and Canada will overtake Italy's economy in some years.

Again, I think it is unlikely that a lusophone person would migrate from Ca to Brazil because it is much more likely that they would mgirate from BRA to CAN, and CAN offers some of the best job opportuniies in the world, therefore you shouldn't feel bad about not talking to your future kids in Portuguese. CAN is their future, and if not, US-America will most likely be.

Once Canada will have surpassed 50 million inhabitants, I think we should move it from the category "medium" to "big in every aspect".

Well Canada is in the top 1/3 of Countries by population and it has been in the top 10 largest economies for a long time...

 

In fact even some developed Nations with larger populations than Canada like Spain have smaller economies. And I think we are close to surpassing Italy in economic size as well. Some thought South Korea was gonna surpass Canada (cuz they are developed and have more population than us still) but changing demographics now suggest that will no longer happen.

 

Fun fact, our economy is a bit larger than a major US Adversary that has over 140M people (Russia)

 

Americans tend to think of Canada as tiny and irrelevant cuz they compare it to themselves (USA is #1 largest economy and #3 most populated). Of course compared to the US almost everyone is small

 

But to the world as a whole were not that irrelevant

 

Edit: that being said it's quite likely some developing nations growth will eventually knock Canada out of the top 10. When you see Countries like Mexico that still have nearly triple the population... They don't have to develop too far to eventually surpass Canada's economic size

 

[Luv u Sum 2,534]

there goes my escape plan if things get really scary in the US 

[JustTea 6,957]

On 6/28/2023 at 5:26 PM, Economy said:

Canada continues to struggle with a severe housing shortage

To imagine that India's population grows ~20M per year

[Economy 52,845]

41 minutes ago, JustTea said:

To imagine that India's population grows ~20M per year

It's true.

 

But when it comes to a nations ability to absorb growth percentage is a lot more important and relevant than total growth

 

It's harder to Canada to manage the 1M+ growth a year than for India to absorb 20X that amount when their population is literally like over 40X the size

 

That being said we been having housing issues since before the population boom truly really started. Government policies are not helping the problem 

[Ayesha Erotica 1,924]

2 hours ago, Economy said:

Well Canada is in the top 1/3 of Countries by population and it has been in the top 10 largest economies for a long time...

But to the world as a whole were not that irrelevant

Edit: that being said it's quite likely some developing nations growth will eventually knock Canada out of the top 10. When you see Countries like Mexico that still have nearly triple the population... They don't have to develop too far to eventually surpass Canada's economic size

 

Well, in 2010 Canada temporarily dropped out of the Top 10. It then surpassed Brazil and Russia and re-entered the Top 10. Past projections indeed have shown that developping countries are about to surpass Canada (and kick it out of the Top 10 again). Yet, Canada turned out to be stronger than intitially thought and developping countries weaker/not catching up at a fast level than projected. I believe it is here to stay permanently in the Club of the Top 10. I don't believe the projections anymore, too often they are false. Canada's growth and abundant ressources will ensure that it will stay in the top 10 for deacades to come. Honestly, I even believe that it is more likely that Canada will one day overtake the UK rather than dropping out of The Top 10.

Canada is doing great now. It is attracting highly qualified people from all around the world and companies are re-locating to it.

Interesting fact: Japan's GDP is, as of now in 2023, only 5% larger than that of Germany, although Japan's population is 50% bigger and the gap, one would expect it to be much larger. Both countries are roughly the same size (in land area), none of them has the "ressources bonus". Somehow, Canada, Germany and Switzerland are economic powerhouses relative to their population.

I think this shows that Japan and South Korea are not as strong as they used to be because China as a direct rival emerged and is taking over in fields in which Japan and SK were once dominant. I also think that Canada will stay above SK because 1) SK population is stagnating/decreasing 2) SK lacks ressources and 3) China is challenging SK and taking away market share from it. Canada's economy is more diversified, which is a good thing, Canada doesn't rely one a few large companies, neither on specific products as much as SK does.

 

[Economy 52,845]

20 minutes ago, LoliLux said:

Well, in 2010 Canada temporarily dropped out of the Top 10. It then surpassed Brazil and Russia and re-entered the Top 10. Past projections indeed have shown that developping countries are about to surpass Canada (and kick it out of the Top 10 again). Yet, Canada turned out to be stronger than intitially thought and developping countries weaker/not catching up at a fast level than projected. I believe it is here to stay permanently in the Club of the Top 10. I don't believe the projections anymore, too often they are false. Canada's growth and abundant ressources will ensure that it will stay in the top 10 for deacades to come. Honestly, I even believe that it is more likely that Canada will one day overtake the UK rather than dropping out of The Top 10.

Canada is doing great now. It is attracting highly qualified people from all around the world and companies are re-locating to it.

Interesting fact: Japan's GDP is, as of now in 2023, only 5% larger than that of Germany, although Japan's population is 50% bigger and the gap, one would expect it to be much larger. Both countries are roughly the same size (in land area), none of them has the "ressources bonus". Somehow, Canada, Germany and Switzerland are economic powerhouses relative to their population.

I think this shows that Japan and South Korea are not as strong as they used to be because China as a direct rival emerged and is taking over in fields in which Japan and SK were once dominant. I also think that Canada will stay above SK because 1) SK population is stagnating/decreasing 2) SK lacks ressources and 3) China is challenging SK and taking away market share from it. Canada's economy is more diversified, which is a good thing, Canada doesn't rely one a few large companies, neither on specific products as much as SK does.

 

I think Canada may climb the ranks over time relative to other developed Nations for demographic reasons but I still question whether it will stay in the top 10 overall for a long time. We will have to see

 

Many poorer countries like Brazil, Nigeria, Mexico to name a few have very large populations... They do not have to come even close to Canada's GDP per capita to eventually over take it. They just have to industrialize closer to a medium income country and they would over take Canada's economic size

 

Also despite Canada's natural resources we have actually been lagging many developed Nations in productivity gain and GDP Per Capita growth. Our total GDP growth has only been higher than other developed Nations because our population growth has been higher. Unless this population growth is sustained for a long time, without addressing the issue of a country that doesn't rank as high in wealth per citizen as it used to, it will also struggle with rankings long term for that reason

 

Also there doesn't seem to necessarily be a direct link between natural resources and wealth. Many Nations with natural resources are poor and corrupt and many Nations without much resources are wealthy and industrialized

 

It's important to keep in mind labor used for resource extraction is labor that cannot be used for manufacturing for example, and finished products cost more than the raw resources that go into it. It's one of the reasons Germany has done so well for itself. Not huge on valuable natural resources but they sell back finished products from manufacturing which are actually worth more

 

Still natural resources can make you wealthy if well managed cuz even tho each unit may be worth less than a finished product, if you have a lot of a resource you may simply sell more volume to offset the value difference. But it really depends how it's managed and relative value.

 

For example Canada is the world's 4th largest producer of Oil but it's a low profit margin oil extraction cuz of the costs associated with it. It suggests we make more money out of it than we really do. A country like Saudi Arabia who's oil costs like $10/barrel to extract and sell may make more money selling 1M to 2M barrels a day than Canada's oil that costs like $50+ per barrel. Given the amount of labor Canada's Oil Sands require, I wonder if we'd be more lucrative using the labor in finished manufactured goods, at least at Oils current $70 prices . Of course when it hits like $100/barrel its a sh*t load of money that comes into this country from oil