17th, Nov 2023

Why does Canada rely on immigrants?

Immigration contributes significantly to Canada's population, accounting for 23% of the total. It is the primary source of population growth, the highest since Confederation, and the highest among the G7 nations.

The working-age population in Canada is on a slow decline, which could be a cause for concern. The ratio of workers to seniors is projected to drop to a worrying two-to-one ratio soon.

As the workforce ages, this may result in persistent labour shortages, impacting different sectors of the economy. Canada's reliance on immigrants is pivotal in maintaining its population numbers.

A considerable portion, approximately two-thirds of these recent immigrants, fall within the core working age group (25-54 years old).

This introduction of younger individuals revitalizes the population, potentially counteracting the implications of an aging workforce.

#Immigration_to_Canada, #population_decline, #Canadian_population

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