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Macro

Canada’s population growth falls to lowest level since WWI

Canada’s population grew by about 189,000 in the 12 months to July 1, reaching 41.8 million, Statistics Canada data show. The 0.5% increase is the slowest for the period since 1915-1916. Non-permanent residents fell by nearly 155,000 to 2.8 million, while new immigrant arrivals declined for a fourth straight year. Alberta posted the fastest growth at 1.5%.

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AI take

The contraction in non-permanent residents is doing more work here than the headline growth rate suggests: a shrinking temporary-worker and student pool feeds directly into rental demand, labour supply and consumer spending, sectors where crypto and tokenised-asset platforms have been courting Canadian users. Alberta's outlier growth also matters, since provincial-level divergence tends to reshape where new financial-product adoption actually lands. Whether the non-permanent-resident decline continues for a fifth consecutive immigrant-arrival drop is the open question.

Generated by AI for reference only.

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