From Macrobusiness
No country has botched up its immigration policy more than Canada.
The employment, housing, infrastructure, and healthcare systems are all in disarray.
Canada’s population expanded by more than 1.2 million people last year, owing to record net overseas migration.
This population surge has resulted in a severe housing shortage across Canada.
The population explosion has also had a negative influence on Canadian productivity, as business investment, infrastructure, and housing have not kept pace.
The National Bank of Canada warned recently that Canada was caught in a “population trap” of whereby there is a “lack the infrastructure and capital stock in this country to adequately absorb current population growth and improve our standard of living”.
“The number of active businesses fell to 929,000 during the month, down 0.2% from a year earlier”, the Bank of Canada economists wrote.
“Outside of the COVID recession, this is the first annual decline in the number of active businesses since 2017”.
“Back then, however, the bulk of the weakness was concentrated in energy-producing provinces. This was not the case in December”.
“As shown, eight out of ten provinces reported an annual decline in the number of active businesses in their respective territories”.
“Outside of the COVID recession, this is the worst diffusion since at least 2016. Given the current level of interest rates, the situation is unlikely to improve in the coming months”, the authors wrote.
A surge of international students, many of whom entered through fraudulent institutions, has fuelled Canada’s migration boom, similar to Australia’s.
In turn, the number of active businesses across Canada is falling for the first time since the pandemic recession:
https://www.macrobusiness.com.au/2024/03/canada-issues-recession-warning-to-australia/?
Australian population prediction below from Bureau of Statistics, which does not correlate with Deagel charts:
Based on current trends, Australia’s population is projected to reach 30 million people between 2029 and 2033, according to the latest figures released today by the Australian Bureau of Statistics (ABS).
Population projections are based on assumptions of future levels of fertility, life expectancy and migration, which are guided by recent population trends.
Anthony Grubb, Director of Demography at the ABS, said: “The projected time for the nation to grow by 5 million people on current indications will be similar, if not a little shorter, than the 14 years it took to grow from 20 million to 25 million.
“Looking further ahead, based on the medium of our three main projection assumption series, Australia could add a further 10 million to our current 25 million by the year 2043.
“However under our higher range of fertility, mortality and migration assumptions the population would reach 35 million 5 years earlier in 2038. Conversely, under lower assumptions the population would only reach 35 million a decade later in 2053.”
Mr Grubb forgot to mention his stats are dodgy because Covid vaxx has begun killing many Australians.
LibLab’s immigration policy has rushed 500,000 immigrants to Australia trying to balance the deaths caused by mRNA shots given to at least 90 per cent of Australians.
