Tuesday, November 28, 2023

Canada Adds Over 2 Million People (5%) in Less Than 2 Years

We even have the luxury of targeting french speaking immigrants across the country.  No one said it was easy, but the fact is that they all do just fine allowing for a unavoidable five years of adjustment.

What this means is that we are easily on track to another 10,000,000 by 2030 and away.  understand that we have infrastructure absorbing these immigrants at this rate.  That is not something that happened overnight either.

we are obviously not about to start laying off all those folks when it is proving to be a great solution to our own demographic stagnation while those immigrants are also producing small families as well.  The fact is that we can do it while the rest cannot do it even if they wanted to.

Economically we always needed manpower and we likely have the worlds greatest single oil reserve, now pumping a 5,000,000 barrels per day.  Still good enough to be the fifth largest producer.

Canada Adds Over 2 Million People (5%) in Less Than 2 Years

November 23, 2023 by Brian Wang

Canada has added 1.23 million in less than 11 months (over 3%) and over 2 million people in less than 23 months.

Canada was at 30.7 million people in 2000 and now surpassing 40.5 million.

Canada’s per capita nominal GDP was $24k in 2000 and the US was at $36k. Now Canada is at $55k per capita nominal in 2022 vs US at $76k.

USA has 38% more now per capita vs 50% more in 2000. Canada improved by 9%.

Germany per capita income is $48k now vs $24k in 2000.

The US population is 340 million today and it was 282.2 million in 2000.

Canada population increased 32% since 2000 vs US at 20%.

Canada could become the third largest economy in the world by the 2040s. Canada has more than doubled its population growth rate to 2.7% to 3.0% per year in the last two years. This is adding 1.0 to 1.3 million people per year. Canada is mainly adding college educated people from India, Asia and Europe. The people added are able to integrate into the economy at the level of Canada’s per capita income and many professionals can even increase the per capita income. IF Canada continues to add about 1.3 million people per year then Canada reaches 50.0 million people by 2030 and 63.0 million by 2040. This would be a 60% increase by 2040.

Canada becoming the world’s fourth biggest economy is just a matter of not having an economic and demographic disaster like the other five of the countries ahead of them in the economic size rankings.

Canada’s economy has almost tripled from US$744 billion in 2000 to US$2.1 trillion today. Japan’s economy has dropped from US$4.97 trillion in 2000 to US$4.2 trillion in 2023. Japan’s population has declined by the average age has increased from 40.7 in 2000 to 48.4 in 2023. 36 million people are over 65. People over 50 are less productive than people in their 40s and people over 50 are in general not buying newer or bigger houses. They are generating far less economic activity.

UK’s economy has been flat to down since 2008. In 2008, UK’s economy was US$3.1 trillion vs US$3.1 trillion in 2023.

Germany’s economy has been flat to down since 2008. In 2008, Germany’s economy was US$3.8 trillion vs US$4.3 trillion in 2023. Germany’s economy was $3.89 trillion in 2020.

Italy’s economy has been flat to down since 2007. In 2007, Italy’s economy was US$2.2 trillion vs US$2.17 trillion in 2023.

France’s economy has been flat to down since 2008. In 2008, France’ economy was US$2.8 trillion vs US$2 2.9 trillion in 2023.

The Government of Canada’s Immigration Levels Plan for 2024-2026, Canada aims to welcome 485,000 new permanent residents in 2024, 500,000 in 2025 and plateau at 500,000 in 2026. This plan prioritizes economic growth, and supports family reunification, while responding to humanitarian crises and recognizing the rapid growth in immigration in recent years. Building on the achievement of a 4.4% target of French-speaking permanent residents outside Quebec in 2022, the Plan includes new annual and progressively increasing French-speaking permanent resident targets outside Quebec: 6% in 2024, 7% in 2025 and 8% in 2026.

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