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Canada's population has surged over the last year, with growth driven in large part by foreign workers and international students. But as the federal government weighs limiting non-permanent residents (NPR), a new report from Desjardins says such a move would "deepen the recession expected in 2024."
The report, written by Desjardins' senior director of Canadian economics Randall Bartlett, says the number of NPRs is expected to fall naturally as the economy slows. Under the current baseline projections, Bartlett expects real GDP growth to fall to 0.1 per cent in 2024, down from 1.1 per cent in the previous year.
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