The Globe and Mail reports in its Friday edition that Canada's population growth, which has largely been driven by temporary immigration, has finally started to show signs of slowing.
The Globe's Jason Kirby writes that in the third quarter, Canada's population grew by 3 per cent compared with the same period the year before, which was a slightly slower rate than the annual increase in the second quarter. It was the first quarter in which annual population growth did not accelerate since the start of 2021.
The slowdown comes as the federal government clamps down on record inflows of non-permanent residents, or NPRs, including caps on foreign student visa approvals and cuts to the number of temporary foreign workers. As of the latest quarter the net inflow of NPRs was just under 118,000, or 465,000, according to BMO senior economist Robert Kavcic. That is a big decrease from last year, but still enough to add a full percentage point to annual population growth.
"If [the feds] are to meet the targets they have previously guided toward, we would expect to see net NPR flows turn negative in the years ahead," wrote Mr. Kavcic, with more temporary residents leaving after their visas expire than are admitted.
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