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Canada's population achieves the 40 million target

Canada's population achieves the 40 million target
News

Canada’s population achieves the 40 million target

Canada’s population achieves the 40 million target due to immigration in 2023.

Using data from recent patterns in births, deaths, and migration, Statistics Canada’s “population clock” calculates Canada’s population in real time. Just before three o’clock on Friday, June 16, the country reached the mark of 40 million people.

Canada’s population achieves the 40 million target – immigration plays a crucial role in this

“Canada has reached an exciting milestone. It clearly indicates that Canada is still a vibrant, hospitable nation with plenty of promise, according to chief statistician Anil Arora, who made the statement to the media.

At 2.7%, Canada’s population growth rate is at its highest level since 1957, when the country was in the midst of its post-World War II baby boom.

If current trends continue, Canada’s population, which was 30 million in 1997, might be 50 million by 2043.

Canada’s population grew by a record-breaking 1.05 million people last year. According to Statistics Canada, temporary and permanent overseas migration accounted for 96% of this rise.

437,180 immigrants entered Canada in 2022, exceeding the country’s ambitious immigration goals.

Immigration Levels Plan

One of the key strategies the nation uses to address its demographic concerns is immigration. The population of Canada is aging, and the country’s natural birth rate is insufficient to increase it. As a result, Canada needs immigrants to support the expansion and maintenance of its labor force.

Nearly all of the increase in Canada’s labor force may be attributed to immigration. Immigration, Refugees and Citizenship Canada projects that by 2023, immigrants will make up around 30% of the country’s population.

Over 460,000 new immigrants will be accepted annually, according to Canada’s Immigration Levels Plan. The objectives of Canadian immigration are to support the economy, reunite families, and aid refugees.

Canada’s goal for new immigrants in 2023 is 465,000 new permanent residents. By 2024, this target will rise to 485,000 and then 500,000.

Family class immigration is the second-largest category under this strategy, illustrating Canada’s commitment to reunifying families. The biggest category is Economic immigration. Humanitarian and refugee status is the last category; throughout the following three years, it must continue to be above 70,000 yearly.