Skip to main content

Featured

Lebanese PM Urges Caution Amid Rising Regional Tensions

                                                       Lebanese Prime Minister Nawaf Salam Lebanese Prime Minister Nawaf Salam has issued a firm warning against pulling the country into what he described as “adventures” that could endanger national security and unity. His remarks come at a moment of heightened regional volatility following coordinated strikes by Israel and the United States on Iran.  Salam emphasized the gravity of the situation, urging all Lebanese factions to act with “wisdom and patriotism” and to prioritize the interests of the nation above external pressures or political agendas. Though he did not name Hezbollah directly, his message was widely interpreted as a caution to the Iran‑backed group, which has historically been involved in conflicts with Israel and has signaled it may not remain neutra...
Post a Comment
Read more

article

Labels

Canada’s Population Growth and the National Bank of Canada’s Report

 

According to a report by the National Bank of Canada, Canada is caught in a “population trap” for the first time in modern history and needs to limit immigration to escape it. A population trap is when the population is growing so fast that all available savings are needed to maintain the existing capital-labour ratio, making any increase in living standards impossible. 

National Bank’s report joins the growing chorus of concern that the influx of newcomers over the past two years, many of whom are temporary workers or students, is too much for the economy to handle.

Canada’s population grew by 1.2 million in 2023, a “staggering” amount when you consider that the next biggest surge was when Newfoundland joined the nation in 1949. From a global perspective, Canada’s population growth of 3.2% last year was five times higher than the average of Organisation for Economic Co-operation and Development nations. 

The economists say that Canada currently lacks the infrastructure and capital stock to adequately absorb current population growth and improve its standard of living. The strain is most evident in housing, with National saying the shortfall has reached a record of only one housing start for every 4.2 people entering the working-age population. Government programs are underway to address this, but to meet demand and reduce housing inflation, Canada would need to double its housing construction capacity to about 700,000 starts a year.
Labels:

Comments

Post a Comment