The Desjardins report confirms that our aging demographics makes the case for increased immigration if we want to grow Canada’s economy.
Canada’s population grew by more than one million people last year, a record for the country. Its total population grew by 2.7 per cent, the fastest rate since 1957.
The strong population growth comes as the Liberal government eyes higher annual immigration targets, which would see the country welcome 500,000 immigrants per year by 2025.
Proponents of higher immigration argue that the labour market is able to absorb more workers, and the country needs more working-age Canadians to support the tax base as more people retire.
“We need immigration at a relatively high rate, actually, in order to offset the economic impacts of aging _ to be able to pay for the health care that Canadian seniors are going to need,” Bartlett said.
Meanwhile » China too needs immigrants
China is entering a severe demographic crisis.
For several centuries, the Asian nation has been the most populous country in the world. But it is now shrinking. In 2022, the country registered more deaths than births, and it will soon be surpassed by India in total population size – indeed, many demographers believe this has already occurred.