Canada is known around the world as a leader in prosperity, diversity, and innovation. But its prosperity is delicate, therefore, Canada is embarking on an ambitious mission towards a stronger and bigger future.
Leading this vision is the Century Initiative, an organization committed to shaping Canada’s future by focusing on long-term thinking and planning. The Century Initiative aims to increase Canada’s population to 100 million by 2100.
Canada’s population is aging, and workforce participation is shrinking, impacting economic growth.
By 2036, a quarter of the population will be seniors, leading to a crashing dependency ratio.
A bigger population would lead to a dynamic domestic market, more global talent, and a stronger economy.
Economic Growth Tied to Population Growth
Studies indicate that at our current population trajectory, our GDP growth will only be 1.6% by 2100.
With a larger population, like 100 million people, we could achieve a healthier GDP growth of 2.6%.
A larger population means a more robust domestic market, more global talent to drive innovation, and fill new jobs.
It also means a stronger economy to better protect our interests.
The Century Initiative’s Vision:
So how does Canada plan to nearly triple its current population in less than a century? The answer lies in five key areas:
- Infrastructure and environment
- Economy, innovation and entrepreneurship
- Support for children and families
- Education, skills and employment
Let’s dive deeper into each of these vital elements.
Immigrants contribute to Canada’s economic strength and diversity, driving entrepreneurship and job creation.
Therefore, the focus is not just on if immigration is needed, but how much is needed to ensure the continued growth and prosperity of the nation.
A growing population requires comprehensive infrastructural development. The Century Initiative envisions vibrant cities with affordable housing, effective public transportation, and strong infrastructure.
Investing in affordable housing, public transportation, and infrastructure is essential to accommodate population growth.
Vibrant cities attract people and ideas, contributing to economic growth and a lower carbon footprint.
Addressing Housing Affordability
Rising housing prices have emerged as a significant challenge, particularly in urban centers. The Century Initiative is tackling this issue head-on, rallying public and private sectors to increase the supply of affordable housing.
This strategy creates a solid base for families, promotes economic growth, and enhances the appeal of Canadian cities for new and existing residents.
Supporting investment, research, and under-represented talent drives Canada’s economic might.
Encouraging high-growth firms fosters job creation and boosts Canada’s competitive edge.
Supporting families with family leave policies, national daycare systems, and quality education is crucial.
A robust system benefits well-being, economic growth, and sustainable population growth.
Strong schools and labor market-relevant training are essential to develop a skilled workforce.
Education is the key to social mobility and Canada’s future success.
Canada’s journey to a future of sustainable growth and prosperity requires not just planning, but collective action. So, whether you’re a newcomer, an international student, or a lifelong citizen, you are part of this exciting vision. Together, let’s make the 100 million dream a reality!
Frequently Asked Questions
Frequently Asked Questions:
Q1. Why is immigration important for Canada’s future?
Q2. How does Canada gain from international students immigrating?
Q3. How does the Century Initiative tackle housing affordability?
Q4. What part does infrastructure play in Canada’s population growth?
Infrastructure is key to Canada’s population growth. High-quality urban infrastructure attracts people and fosters idea generation. Investments in affordable housing, public transportation, and infrastructure will accommodate population growth.
By increasing urban density, Canada encourages idea exchange, reduces its carbon footprint, and promotes a sustainable future.