Economists Warn High Immigration Rates Creating Canada's Population Trap
• Canada is experiencing rapid population growth, largely driven by high immigration rates, putting pressure on infrastructure and housing.
• National Bank of Canada economists argue that annual population growth should be limited to 300,000-500,000 to avoid a "population trap."
• Other bank economists have also recently warned that current immigration policies are unsustainable and need to be reined in.
• High population growth is outpacing Canada's ability to expand housing and capital stock, impacting living standards.
• The federal government has made it easier for companies to hire foreign workers, which economists argue has exacerbated labor shortages rather than incentivizing business investment.