Tag: economy

Canada, economic growth below expectations

TORONTO – The Canadian economy grew at an annual rate of 3.3% in the second quarter (in the first quarter it had grown by 3.1%), below the estimate of an annualized growth of 4.6%: this is what emerges from the latest monthly and quarterly real gross domestic product reports, released today by Statistics Canada, which show how the economy expanded for the fourth consecutive quarter, driven by rising business and household spending, but below the expectations. 

2068, 57 million of inhabitants in Canada: a big problem for pensions, health care and houses

TORONTO – More than 56 million inhabitants or, perhaps, even 74. In 2068, the Canadian population could reach these figures according to a report by Statistics Canada published on Monday, which also highlights how this phenomenon (due to the aging of population – thanks to the increase in life expectancy – and to strong immigration) will have large – and negative – dimensions for pensions, health care and housing needs.