Canada’s population is expected to increase by as much as 14 million by 2036, according to Statistics Canada’s newest report on population growth.
The agency projects that between 2009 to 2036, Canada’s population could grow from its current 33.7 million to between 40.1 million and 47.7 million.
According to the report, immigration levels represent the greatest share of the projected population increase, with Canada receiving as many as 333,600 immigrants a year by 2036, compared with 252,500 in 2010.
But high immigration levels won’t put a dent in Canada’s rapidly aging population– seniors could account for nearly a quarter of Canada’s entire population by 2036, nearly double the 13.9% they accounted for in 2009.
Seniors are expected to surpass the number of children aged 14 or under for the first time ever between 2015 and 2021.
StatsCan’s provincial and territorial breakdowns have Ontario and B.C. leading the pack in population growth, with rates higher than the national average. Newfoundland and Labrador was the sole province projected to have a population decrease.
Ontario’s population is expected to increase from nearly 13.1 million in 2009 to between 16.1 million and 19.4 million in 2036; Quebec’s population would increase from 7.8 million in 2009 to between 8.6 million and 10 million in 2036. In the west, British Columbia’s population would increase from nearly 4.5 million in 2009 to between 5.8 million and 7.1 million in 2036.
Below, a complete breakdown of StatsCan’s projected population growth by province.
• Alberta’s population would increase from 3.7 million in 2009 to between 4.6 million to 5.4 million in 2036.
• Manitoba’s population would increase from 1.2 million in 2009 to between 1.4 million to 1.7 million in 2036.
• Saskatchewan’s population would increase from 1 million in 2009 to between 1.1 million to nearly 1.3 million 2036.
• Nova Scotia’s population would increase from 938,000 in 2009 to between 987,000 and 1.1 million in 2036.
• New Brunswick’s population would increase from 750,000 in 2009 to between 772,000 and 874,000 in 2036.
• Newfoundland and Labrador’s population could decrease from nearly 509,000 in 2009 to 483,000 in 2036. But medium to high growth projections could result in an increase of anywhere from 514,000 to 545,000 in 2036.
• Prince Edward Island’s population would increase from 141,000 in 2009 to between 161,000 and 188,000 in 2036.
• The population of the Northwest Territories would increase from 43,000 in 2009 to between
49,000 and 57,000 in 2036.
• Yukon’s population would increase from nearly 34,000 in 2009 to between 36,000 and 42,000 in 2036.
• Nunavut’s population would increase from 32,000 in 2009 to between 36,000 and 44,000 in 2036.
Read more: http://news.nationalpost.com/2010/05/26/canadas-population-could-exceed-40-million-by-2036-statscan/#ixzz0pBYcSKNq
OECD lifts 2010 growth forecasts for rich economies but sees no end to era of instability
Economic recovery in the world’s richest countries is accelerating thanks to a “substantial” rebound in trade and growth in Asia, but austerity measures are needed to reduce government deficits, a leading agency said Wednesday.
The Organization for Economic Co-operation and Development, a watchdog for 31 of the world’s most developed countries, said the current environment is “relatively auspicious” but faced with serious risks.
Those include Europe’s sovereign debt crisis and a possible boom-bust scenario in emerging markets such as Brazil, India and China – which have been growing much faster than the more developed OECD economies.
“The period of significant financial instability that began in August 2007 is not yet over,” the OECD warned in its latest biannual Economic Outlook.
The Paris-based group also raised its forecasts for economic growth in its member countries – which include Canada, the United States, Japan, Germany and the United Kingdom – to 2.7 per cent this year, up from its forecast of 1.9 per cent last November.
Canada’s growth this year is expected to be ahead of most other OECD countries, with real gross domestic product to be 3.6 per cent over the weak performance of 2009.
The OECD lifted its forecasts for Japan, the United States and the eurozone countries, but Japan and the U.S. are still expected to outpace Europe, the report said. Japan’s growth is estimated at three per cent in 2010 and the U.S. GDP is expected to rise by 3.2 per cent.
“The outlook has really improved in this short period” since the OECD’s last forecast, Secretary-General Angel Gurria said in a news conference at the organization’s headquarters.
But the OECD chief urged member countries to pursue “fiscal consolidation” – reducing their deficits through spending cuts and a clampdown on tax evasion – which he said was “imperative” to make the OECD’s positive growth outlook a reality.
The OECD publishes its economic outlook twice a year, although it updated some 2010 forecasts in an interim assessment published in April.
Europe’s response to its sovereign debt crisis – the latest chapter in the global financial and economic turmoil that began three years ago – has been “prompt and massive,” the OECD said, but has failed to settle the currency bloc’s “underlying weaknesses.”
The OECD called for “bolder measures” – up to and including an effective fiscal union – among eurozone countries in order to “dissipate doubts about the long-term viability of the monetary union.”
“Bolder measures need to be taken to ensure fiscal discipline, along a continuum that ranges from stronger surveillance and more effective sanctions for noncompliance, to external auditing of national budgets all the way to de facto fiscal union,” the OECD said.
Gurria stressed that the current turbulence in Europe is part of the same crisis that began in the U.S. in 2007. “This is the same crisis, it’s a continuum,” Gurria said, adding that the next challenge after slashing the massive debt loads countries took on save the banking industry and combat recession is unemployment.
Unemployment in the OECD area is forecast to peak at 8.5 per cent by the middle of this year, Gurria said. It will remain stuck at over 8 per cent next year however, as companies in Japan and Europe are expected to increase working hours of employees rather than hire new workers.
The U.S. economy has been boosted by stimulus measures, improving financial conditions, demand from the fast-growing non-OECD economies of Asia – especially China – and the stabilization of the housing market.
The employment outlook in the United States also looks better than in Europe and Japan. The OECD predicted that unemployment will come down to 8.9 per cent next year from a high of 9.7 per cent this year, as unlike their counterparts in Europe and Japan, U.S. businesses shed large numbers of employees in the downturn and should “rehire relatively strongly” in the upturn, the OECD said.
The OECD predicts the U.S. economy will expand at a rate of 3.2 per cent in 2010, up from a November forecast of 2.5 per cent.
In Europe, the economies of the 16 countries sharing the euro are now expected to grow by 1.2 per cent this year compared to a November forecast of 0.9 per cent.
Unemployment will peak at 10.1 per cent this year in the eurozone and stay stubbornly at that level in 2011, sapping the strength of the recovery, the OECD said.
The recent weakness in the euro versus the dollar will benefit European growth, OECD chief economist Pier Carlo Padoan said. “I would not be concerned if we see a further decline in the euro,” Padoan said, “This would be a welcome addition to external demand for the euro area.”
Padoan added that “the global economy needs some rebalancing in exchange rates,” saying that the euro has been overvalued versus the dollar and China’s currency undervalued.
Japan’s economy will grow by three per cent this year compared with the November forecast of 1.8 per cent, the report said.
– By Greg Keller, The Associated Press, with a contribution from The Canadian Press in Toronto
The Organization for Economic Co-operation and Development, a watchdog for 31 of the world’s most developed countries, said the current environment is “relatively auspicious” but faced with serious risks.
Those include Europe’s sovereign debt crisis and a possible boom-bust scenario in emerging markets such as Brazil, India and China – which have been growing much faster than the more developed OECD economies.
“The period of significant financial instability that began in August 2007 is not yet over,” the OECD warned in its latest biannual Economic Outlook.
The Paris-based group also raised its forecasts for economic growth in its member countries – which include Canada, the United States, Japan, Germany and the United Kingdom – to 2.7 per cent this year, up from its forecast of 1.9 per cent last November.
Canada’s growth this year is expected to be ahead of most other OECD countries, with real gross domestic product to be 3.6 per cent over the weak performance of 2009.
The OECD lifted its forecasts for Japan, the United States and the eurozone countries, but Japan and the U.S. are still expected to outpace Europe, the report said. Japan’s growth is estimated at three per cent in 2010 and the U.S. GDP is expected to rise by 3.2 per cent.
“The outlook has really improved in this short period” since the OECD’s last forecast, Secretary-General Angel Gurria said in a news conference at the organization’s headquarters.
But the OECD chief urged member countries to pursue “fiscal consolidation” – reducing their deficits through spending cuts and a clampdown on tax evasion – which he said was “imperative” to make the OECD’s positive growth outlook a reality.
The OECD publishes its economic outlook twice a year, although it updated some 2010 forecasts in an interim assessment published in April.
Europe’s response to its sovereign debt crisis – the latest chapter in the global financial and economic turmoil that began three years ago – has been “prompt and massive,” the OECD said, but has failed to settle the currency bloc’s “underlying weaknesses.”
The OECD called for “bolder measures” – up to and including an effective fiscal union – among eurozone countries in order to “dissipate doubts about the long-term viability of the monetary union.”
“Bolder measures need to be taken to ensure fiscal discipline, along a continuum that ranges from stronger surveillance and more effective sanctions for noncompliance, to external auditing of national budgets all the way to de facto fiscal union,” the OECD said.
Gurria stressed that the current turbulence in Europe is part of the same crisis that began in the U.S. in 2007. “This is the same crisis, it’s a continuum,” Gurria said, adding that the next challenge after slashing the massive debt loads countries took on save the banking industry and combat recession is unemployment.
Unemployment in the OECD area is forecast to peak at 8.5 per cent by the middle of this year, Gurria said. It will remain stuck at over 8 per cent next year however, as companies in Japan and Europe are expected to increase working hours of employees rather than hire new workers.
The U.S. economy has been boosted by stimulus measures, improving financial conditions, demand from the fast-growing non-OECD economies of Asia – especially China – and the stabilization of the housing market.
The employment outlook in the United States also looks better than in Europe and Japan. The OECD predicted that unemployment will come down to 8.9 per cent next year from a high of 9.7 per cent this year, as unlike their counterparts in Europe and Japan, U.S. businesses shed large numbers of employees in the downturn and should “rehire relatively strongly” in the upturn, the OECD said.
The OECD predicts the U.S. economy will expand at a rate of 3.2 per cent in 2010, up from a November forecast of 2.5 per cent.
In Europe, the economies of the 16 countries sharing the euro are now expected to grow by 1.2 per cent this year compared to a November forecast of 0.9 per cent.
Unemployment will peak at 10.1 per cent this year in the eurozone and stay stubbornly at that level in 2011, sapping the strength of the recovery, the OECD said.
The recent weakness in the euro versus the dollar will benefit European growth, OECD chief economist Pier Carlo Padoan said. “I would not be concerned if we see a further decline in the euro,” Padoan said, “This would be a welcome addition to external demand for the euro area.”
Padoan added that “the global economy needs some rebalancing in exchange rates,” saying that the euro has been overvalued versus the dollar and China’s currency undervalued.
Japan’s economy will grow by three per cent this year compared with the November forecast of 1.8 per cent, the report said.
– By Greg Keller, The Associated Press, with a contribution from The Canadian Press in Toronto
Subscribe to:
Comments (Atom)
Check our online courses now
Click Here now!!!!