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Stock impact report

Immigration could soon account for all of Canada's population growth: expert [Yahoo! Finance Canada]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Based on the federal government's latest Immigration Levels Plan, the parliamentary budget officer projects 2026 will be Canada's second consecutive year of zero population growth. Canada saw rapid population growth as it emerged from the COVID-19 pandemic. That growth, which was driven almost entirely by immigration, peaked at 3.1 per cent in 2023 — high above the historic average of 1.1 per cent going back to 1972. Statistics Canada data shows the population grew by 816,000 temporary and permanent immigrants in 2024, while natural population growth — births over deaths — came to roughly 34,000 people. Dan Hiebert, a University of British Columbia geography professor who studies human migration, said Canada is facing a "unprecedented" future of population growth set by government policy. "Natural increase in Canada is going to hit zero really soon. Maybe 2029, maybe 2030, give or take, right? And at that point, all population growth is going to be immigration-related, like 1 Show less Read more
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