Canadian businesses say housing crisis is forcing them to boost pay: survey
Business leaders see the housing crisis as the biggest risk to the economy, a new survey from KPMG Canada shows.
It found 94 per cent of respondents agreed that high housing costs and a lack of supply are the top risk, and that housing should be a main focus in the upcoming federal budget. The survey questioned 534 businesses.
Housing issues are forcing businesses to boost pay to better attract talent and budget for higher labour costs, agreed 87 per cent of respondents.
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Canada’s population hits 41M months after breaking 40M threshold
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.
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.
