Monday, March 25, 2024

CANADA: Population Boom Lowered Productivity, Says Bank Study

[world politics news]


As Ottawa overhauls its temporary immigration programs, a new analysis by Bank of Nova Scotia warns that the unchecked population surge of the past two years is behind two-thirds of the “massive” decline in productivity over the same time period.

The drop stems from a combination of two factors: chronically-low business investment in Canada and the sudden explosion in population, which grew by 1.25 million last year alone.

[FULL STORY HERE]

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