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In 2023, Canada's population reached 40.5 million, having grown by over 1.2 million people. This is an astounding figure, particularly given the rebound of 825,000 in 2022 after the COVID-19 recession. It is also the largest increase in any 12-month period since the country's creation in 1867.
According to a report from National Bank Financial Inc., Canada's population growth in 2023 was 3.2%, five times higher than the OECD average. What...