It also increases the ratio of workers to retirees, which eases pressure on social services.
If population growth continues as established without a significant effort to grow the population, it is projected that Canada will be home to 54 million people by 2100.
The number of homeowners also increases, leading to greater spending on durable goods.
Another scenario posed by the report projects that if immigration grows moderately, but shifts to a younger demographic of new arrivals, the impact on Canada’s economy and fertility rates could be significant.
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The common solutions identified by the experts as well as some of the unique recommendations are summarized below: Health Care The contributors all agreed that the status quo in Canada's health care system is not sustainable.
Based on her extensive experience in fixing Saskatchewan's public finances, Professor Mac Kinnon offers a number of specific recommendations.
As previously reported, in the period of July 2015 to July 2016, immigration levels to Canada reached their highest point since at least 1971, when records began.
A total of 320,932 new immigrants arrived in Canada during that time, representing an increase of one-third over the same period in 2014—2015.