Statscan had already announced the population grew by 2.9% in the 12 months to July 1, 2023 but Wednesday's release provided more details. "Canada continued to lead G7 countries for population growth and was likely among the top 20 fastest growing countries in the world," Statscan said in a news release. As of July 1, 2023, an estimated 2,198,679 non-permanent residents lived in Canada, a 46% jump from July 1, 2022. "This represents the largest year-over-year increase in the population of non-permanent residents ... since comparable data are available (1971/1972), with the increase in work and study permits accounting for most of the change," said Statscan. "Near-record rates of population growth can also contribute to outsized employment growth, that could put upward pressure on consumer demand and ultimately drive further price increases," he said in a note.

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Persons: Christinne, Statscan, Marc Desormeaux, Desjardins, David Ljunggren, David Gregorio Our Organizations: REUTERS, Rights, Statistics, Liberal, Thomson Locations: Montreal, Quebec, Canada, Statistics Canada, Canadian