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Support coming for Canadians quarantined due to coronaviru

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Finance Minister Bill Morneau says support is coming for Canadians who have to be quarantined in order to prevent the spread of the novel coronavirus.

“We know that in the face of rising uncertainty, Canadian businesses — just like workers and families — are feeling the impacts. Although things are changing quickly, it’s clear that the COVID-19 outbreak is going to impact the real economy, and markets,” he said during a speech Friday morning at Canadian Club Toronto.

Morneau was short on details, but promised specifics next week.

“We have the capacity to both help businesses if they go through challenges, if that happens, or individuals if they find themselves either having to be away from work for a short period of time or a longer period of time,” he said.

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His speech capped a week that saw the Bank of Canada cut its key interest rate target by half a percentage point, dropping it to 1.25 per cent, and saying it was prepared to cut further if needed to help tackle the economic shock from the novel coronavirus outbreak.

Concerned about the potential economic fallout of an outbreak, the Liberal government will also increase the risk adjustment provision —  a contingency plan— in the upcoming budget “to ensure that we are ready and able to respond,” said Morneau.

Finance Minister Bill Morneau lays out what he sees as the challenges of COVID-19 and how the government hopes to deal with them. 2:16

Last year’s risk adjustment pot was $3 billion.

“We are continuing to monitor the impact on businesses and workers. We have the tools to respond quickly,” said Morneau.

“It’s important to keep in mind that what this will mean for the Canadian economy ultimately depends on the depth and geographical spread of the virus. And these things cannot be known, until they are known.”

Resilience of Canadian economy could be ‘seriously tested’

The number of people around the world infected with the novel coronavirus moved toward 100,000 Friday, including more than 40 cases in Canada. Health officials in B.C. are investigating after a woman who had no travel history to areas dealing with a coronavirus outbreak and hadn’t been in contact with COVID-19 patients tested positive for the illness, Canada’s first apparent case of coronavirus spread in the community.

Health Minister Patty Hajdu said the federal government is also making $27 million available to 47 Canadian research teams to combat the novel coronavirus and the illness it causes, COVID-19.

The minister said the research will help develop diagnostic tools and vaccines, plus create strategies to tackle misinformation, stigma and fear.

World Health Organization assistant director-general Bruce Aylward, who hails from Newfoundland and Labrador, praised Canada’s response so far.

“Canada has done a pretty exemplary job. You know you’ve had cases in three different provinces, multiple importations and most of these you’ve been able to contain very, very rapidly. There’s not a lot of advice to be given to Canada, it’s a lot of ‘well on,'” he told CBC Radio’s The House.

He said one of the most important things for governments to do is keep residents informed.

“You don’t need to alarm them. You don’t need to sugarcoat it. But they need to know how severe it is or can be so that they’re going to engage properly,” he said.

Morneau said Canada is already seeing impacts on commodity prices, including oil and metals; on the tourism industry, including air transportation, retail, hotels and restaurants; and is feeling the hit to global supply chains, especially in Asia.

Minister of Tourism Mélanie Joly said Chinese tourism is normally a $2-billion windfall for Canada, but she expects it to drop by $550 million by June.

“The tourism industry is deeply affected,” she said Friday. “The duty-free boutique at the Vancouver airport is down 50 per cent of its revenues.”

Bank of Canada governor Stephen Poloz said Thursday the Canadian economy’s resilience could be “seriously tested” by a coronavirus outbreak, depending on its severity and duration.

“There is a real risk that business and consumer confidence will erode further, creating a more persistent slowdown, especially given recent declines in stock markets,” he said.

The Canadian dollar fell to 74.51 US after Poloz’s remarks.

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Alberta's population surges by record-setting 202,000 people: Here's where they all came from – CBC.ca

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Alberta smashed population-growth records in the past year, mainly due to people moving to the province from across Canada and around the world.

The province’s population surged to just over 4.8 million as of Jan. 1, according to new estimates released Wednesday by Statistics Canada.

That’s an increase of 202,324 residents compared with a year earlier, which marks — by far — the largest annual increase on record.

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Alberta also broke a national record in 2023 for interprovincial migration, with a net gain of 55,107 people.

“This was the largest gain in interprovincial migration nationally since comparable data became available in 1972,” Statistics Canada said in a release.


Most of the interprovincial migrants came from Ontario and British Columbia.

Statistics Canada estimates that 38,236 Ontarians moved to Alberta last year, versus 14,860 Albertans who moved to Ontario, for a net gain of 23,376 people.

Similarly, an estimated 37,650 British Columbians moved to Alberta, compared to 22,400 Albertans who moved to B.C., for a net gain of 15,250.


All told, interprovincial migration accounted for 27 per cent of Alberta’s population growth over the past year.

That put it just ahead of permanent immigration, which accounted for 26 per cent, and well ahead of natural population increase (more births than deaths), which accounted for eight per cent.

The largest component, however, was temporary international migration.

Non-permanent residents from other countries accounted for 39 per cent of the province’s population growth in the past year, reflecting a national trend.


Canada’s population reached 40,769,890 on Jan. 1, according to Statistics Canada estimates, which is up 3.2 per cent from a year ago.

“Most of Canada’s 3.2-per-cent population growth rate stemmed from temporary immigration in 2023,” Statistics Canada noted.

“Without temporary immigration, that is, relying solely on permanent immigration and natural increase (births minus deaths), Canada’s population growth would have been almost three times less (1.2 per cent).”

Alberta’s population, meanwhile, grew by 4.4 per cent year-over-year.

Alberta now represents 11.8 per cent of the country’s population, its largest proportion on record. 

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Why Canada's record population growth is helping – and hurting – the economy – CTV News

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Canada has recorded the fastest population growth in 66 years, increasing by 1.3 million people, or 3.2 per cent, in 2023, according to a new report from Statistics Canada.

The country has not seen such growth since 1957, when the spike was attributed to the baby boom and an influx of immigrants fleeing Hungary.

The vast majority of Canada’s growth last year was due to immigration, with temporary residents — which includes foreign workers and international students — making up the largest proportion of newcomers.

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“We need people coming to Canada to help with our economy,” says Matti Siemiatycki, a professor of planning at the University of Toronto. “There are many jobs and professions where there are vacancies, and that is having an impact, whether in the healthcare sector or trades and construction sector.”

Siemiatycki adds immigrants also bring “ingenuity… resources… and culture” to Canada.

Newcomers are relied on to help keep pace with Canada’s aging population and declining fertility rates, but the influx also presents a challenge for a country struggling to build the homes and infrastructure needed for immigrants.

“It’s an incredibly large shock for the economic system to absorb because of just the sheer number of people coming into the country in a short period of time,” says Robert Kavcic. a senior economist and director with BMO Capital Markets.

“The reality is population can grow extremely fast, but the supply side of the economy like housing and service infrastructure, think health care and schools, can only catch up at a really gradual pace,” Kavcic says. “So there is a mismatch right now.”

The impact of that mismatch can most acutely be seen in the cost of rent, services and housing.

In December, Kavcic wrote in a note that Canada needs to build 170,000 new housing units every three months to keep up with population growth, noting the industry is struggling to complete 220,000 units in a full year.

To address this, Ottawa has announced plans to cap the number of new temporary residents while also reducing the number of international student visas, a move economists say could offer some relief when it comes to housing and the cost of living.

“The arithmetic on the caps actual works relatively well because it would take us back down to 1 per cent population growth which we have been used to over the last decade and which is more or less absorbable by the economy,” Kavcic says. “The question is whether or not we see policy makers follow through and hit those numbers.”

Economists believe these changes could help ease inflationary pressures and may make a Bank of Canada rate cut more likely, but could also lead to slower GDP growth.

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Canada’s population hits 41M months after breaking 40M threshold – Global News

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Nine months after reaching a population of 40 million, Canada has cracked a new threshold.

As of Wednesday morning, it’s estimated 41 million people now call the country home, according to Statistics Canada’s live population tracker.

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The speed at which Canada’s population is growing was also reflected in new data released Wednesday by the federal agency: between Jan. 1 2023 and Jan. 1 2024, Canada added 1,271,872 inhabitants, a 3.2 per cent growth rate — the highest since 1957.

Most of Canada’s 3.2 per cent population growth rate stemmed from temporary immigration. Without it, Canada’s population growth would have been 1.2 per cent, Statistics Canada said.


Click to play video: 'Business News: Job growth fails to keep pace with population'

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Business News: Job growth fails to keep pace with population


From Oct. 1 to Dec. 31, 2023, Canada’s population increased by 241,494 people (0.6 per cent), the highest rate of growth in a fourth quarter since 1956.

Usha George, a professor at the Toronto Metropolitan Centre for Immigration and Settlement at Toronto Metropolitan University, told Global News in June a booming population can benefit the economy.

“It is not the bodies we are bringing in; these are bodies that fill in the empty spaces in the labour market,” she said.

“They bring a very-high level of skills.”


Click to play video: 'Canadian millennials surpass baby boomers as dominant generation: StatCan'

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Canadian millennials surpass baby boomers as dominant generation: StatCan


However, Ottawa has recently sought to ease the flow of temporary immigration in a bid to ease cost-of-living woes.


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Immigration Minister Marc Miller said on March 21 Ottawa would set targets for temporary residents allowed into Canada to ensure “sustainable” growth in the number of temporary residents entering the nation.

The next day, BMO economist Robert Kavcic in a note to clients the new limits will have a positive impact on Canada’s rental market and overall housing crisis.

“We’ve been firm in our argument that Canada has had an excess demand problem in housing, and this is maybe the clearest example,” Kavcic said.

“Non-permanent resident inflows, on net, have swelled to about 800K in the latest year, with few checks and balances in place, putting tremendous stress on housing supply and infrastructure.”

Alberta gains, Ontario loses: A look at Canadian migration in 2023

If Alberta is truly calling, then it appears more Canadians are choosing to answer.

Putting the pun on the provincial government’s attraction campaign aside, Canada’s wild rose country saw the largest net gain in interprovincial migration in 2023, Statistics Canada said in Wednesday’s report.


Click to play video: 'Is Alberta ready for population growth?'

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Is Alberta ready for population growth?


The agency said 55,107 Canadians moved to Alberta last year, which was the largest gain in interprovincial migration nationally since comparable data become available in 1972.

“Alberta has been recording gains in population from interprovincial migration since 2022, a reverse of the trend seen from 2016 to 2021, when more people left the province than arrived from other parts of Canada,” Statistics Canada said.

“Approximately 333,000 Canadians moved from one province or territory to another in 2023, the second-highest number recorded since the 1990s and the third straight year that interprovincial migration topped 300,000.”

Meanwhile, British Columbia had 8,624 more residents move out than in in 2023, meaning net interprovincial migration was negative for the first time since 2012, Statistics Canada said.

In general, the largest migration flows for British Columbia and Alberta are with each other, and most of the net loss from British Columbia in 2023 was to Alberta, it added.


Click to play video: '‘Enormous pressure’ expected in Ontario home care due to high growth of senior population'

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‘Enormous pressure’ expected in Ontario home care due to high growth of senior population


It also seems that good things may no longer be growing in Ontario; Canada’s most populous province lost 36,197 people to other regions in 2023, the biggest regional loss in 2023, Statistics Canada said.

That followed a loss of 38,816 people in 2022; the only other times a province has lost more than 35,000 people due to migration to other parts of Canada occurred in Quebec in 1977 and 1978.

Alberta aside, net interprovincial migration was also up in Nova Scotia (+6,169 people), New Brunswick (+4,790) and Prince Edward Island (+818), although all three Maritime provinces gained fewer interprovincial migrants in 2023 than in the two previous years, Statistics Canada said.

— with files from Uday Rana and Sean Previl

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