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Bank of Canada Warns Immigration Slows Population Growth, Economy

By Drooid · Oct 9, 2026, 7:56 PM UTC · How we work

Summary

Story summary

The Bank of Canada reports that an aging population and reduced immigration are reshaping the economy.
Population growth fell to 0.5% in 2025, the slowest rate in over a century.
The slowdown followed the federal government’s 2024 decision to reduce immigration levels.
Fewer new immigrants will cut housing demand, easing pressure on housing costs.
Deloitte Canada projects GDP growth slowing to 1.5% in 2026.

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Story summary

The Bank of Canada reports that an aging population and reduced immigration are reshaping the economy.
Population growth fell to 0.5% in 2025, the slowest rate in over a century.
The slowdown followed the federal government’s 2024 decision to reduce immigration levels.
Fewer new immigrants will cut housing demand, easing pressure on housing costs.
Deloitte Canada projects GDP growth slowing to 1.5% in 2026.