Canadians are currently facing a challenge to their economic well-being due to high immigration, National Bank economists highlighted in a Jan. 15 report.
Economists Stéfane Marion and Alexandra Ducharme described the phenomenon as a “population trap,” a first for Canada in modern history. This concept, as defined by Oxford Reference, is a situation where no increase in living standards is possible due to rapid population growth consuming all available savings necessary to maintain the existing capital-labour ratio.
