… “Economic growth does not necessarily equate to economic prosperity,” said TD economist Marc Ercolao.
On the surface Canada’s economic growth looks healthy. “Supercharged” immigration and population growth helped drive a quick recovery in activity after the pandemic, particularly in consumption and the housing market.
According to Statistics Canada, our population is growing at a record pace, rising by 1,050,110 in 2022, the first time in Canadian history the population has grown by more than 1 million people in a single year.
