Canada is caught in a “population trap” and needs to significantly rein in immigration to escape it, National Bank of Canada economists said on Monday, one of several such critiques to emerge from Bay Street in recent days.
In a report, National Bank economists Stéfane Marion and Alexandra Ducharme said that “staggering” population growth is stretching the country’s absorptive capacity, notably seen in residential construction that is nowhere near sufficient to house all those newcomers.
