Population growth in Atlantic Canada eases off amid national highs
According to a TD Canada report, Atlantic Canada is seeing its population growth ease after years of rapid growth, contrasting with other parts of the country where growth rates remain at multi-decade highs.
Nova Scotia has a goal to reach a population of two million by 2060, but the report suggests those projections are too optimistic amid the slowing growth rate.
The report states this could potentially dampen household spending and overall economic growth while also placing pressure on the region’s labour supply.
“Right after COVID there was a shortage of a labour force and everyone was scrambling to fill the gap they didn’t have in their workplace,” said Immigration Services Association of Nova Scotia’s program director Olive Ozoemena. “For employers, it’s really about getting the right talent they need and continue to have them stay in the job and provide the services and products to consumers.”
The slower population growth is expected to have a mitigating effect on the rapid rise of housing rentals, which could offer potential relief to concerns over housing affordability across the region, according to the report.
Despite the challenges, the report says recent immigrants have shown smooth integration into the Atlantic labour markets and have contributed positively to the regional economy.
CTVNews.ca Top Stories
Girl, 15, set on fire in assault at Saskatoon high school: police
A 15-year-old girl was set on fire in an assault at Saskatoon's Evan Hardy Collegiate Thursday afternoon, police say.
A Canadian airline is changing its check-in deadline for all flights. Here's why
Travellers will have to check in 15 minutes earlier than usual according to Air Canada's new cutoff time for all flights.
Man dies after surgeon removed wrong organ at Florida hospital, lawyer says
The lawyer of a woman whose husband died at a Florida hospital says the surgeon removed the wrong organ.
Liberal national campaign director says he will step down
Embattled Prime Minister Justin Trudeau and his governing Liberals have taken another hit with Jeremy Broadhurst quitting his job as national campaign director for the party.
Conservative cuts? Party to share platform 'closer to the next election,' Scheer says
Conservative House Leader Andrew Scheer says Canadians will have to wait until 'closer' to the next federal election to learn about the party's platform.
BREAKING Murder, aggravated assault charges laid in Vancouver stranger attacks
Charges of murder and aggravated assault in a pair of brutal stranger attacks in downtown Vancouver were approved Thursday, one day after the rush-hour rampage left one man dead and another with a severed hand.
Student convicted of killing classmate in Leduc gets life in prison without parole for 12 years
The man who fatally stabbed a classmate at his Leduc high school in 2021 was sentenced to life in prison with no parole eligibility for 12 years on Thursday.
Italy luxury yacht victims died of 'dry drowning,' first autopsies show
Initial autopsies of four of the seven victims who died when a superyacht sank in a storm in Italy last month show they died of 'dry drowning,' according to authorities.
How will the Bank of Canada's interest rate cuts affect personal finances?
When it comes to interest rates, the worst is over as the Bank of Canada's cuts will give people relief with their personal finances overall, an investment adviser says.