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In August 2023, Canada's inflation rate reached four percent, primarily driven by increased gas prices. [35] Food inflation rates reached 8.5 percent. [36] In November 2024, Canada's annual inflation rate rose to 2.0% in October, exceeding analyst expectations and marking the first increase since May 2024. [37]
Since confederation in 1867 through to the contemporary era, decadal and demi-decadal census reports in Canada have compiled detailed immigration statistics. During this period, the highest annual immigration rate in Canada occurred in 1913, when 400,900 new immigrants accounted for 5.3 percent of the total population, [1] [2] while the greatest number of immigrants admitted to Canada in ...
The economic impact of immigration to Canada is an important topic in Canada.Two conflicting narratives exist: 1) higher immigration levels help to increase GDP [1] [2] and 2) higher immigration levels decrease GDP per capita or living standards for the resident population [3] [4] [5] and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities ...
Economists expected the annual inflation… The consumer price index (CPI) rose 0.4 percent in the final month of 2024 and ended the year up 2.9 percent, according to data released Wednesday by ...
Canada receives its immigrant population from almost 200 countries. Statistics Canada projects that immigrants will represent between 29.1% and 34.0% of Canada's population in 2041, compared with 23.0% in 2021, [1] while the Canadian population with at least one foreign born parent (first and second generation persons) could rise to between 49.8% and 54.3%, up from 44.0% in 2021.
The highest year-over-year inflation rate during Biden’s presidency was 9.1% in June 2022. The rate as of July 2024 was 2.9%. By contrast, the highest rate during Trump’s presidency was 2.9% ...
The share of people making just the minimum payment on their credit cards hit a 12-year high, according to third-quarter 2024 data released last week by the Federal Reserve Bank of Philadelphia.
The Standing Committee on Citizenship and Immigration (CIMM) is a standing committee of the Canadian House of Commons that studies issues related to citizenship and immigration in Canada. [ 1 ] It has oversight of Immigration, Refugees and Citizenship Canada and the Immigration and Refugee Board of Canada , as well as monitoring federal policy ...