Given the facts provided and the additional forecast information, my analysis will closely follow the structure provided in the earlier forecast and the additional fact-based elements provided for the update.
According to the updated statistical model projections, the Canadian population is estimated to be 41.6 million at the end of Q4 2024 [AF2]. This forecast provides a critical basis for projecting the population at the start of the following year, January 1, 2025.
The analysis incorporates considerations for the factors influencing population changes - fertility, mortality, and, notably, immigration, as outlined in the sources mentioned in the initial forecast. The reliance on immigration to drive population growth in Canada is crucial, as it is projected to account for nearly all of Canada’s population growth, with an increasing number of permanent residents expected each year up to 550,000 by 2025 [Source 2, Source 3].
Given the steady increase in population projection from the end of Q1 2024 at 40.8 million [AF1] to 41.6 million by the end of Q4 2024 [AF2], there's an expectation of continuous growth without sharp fluctuations. Furthermore, the commitment of Canada to expand immigration [1], addressing both immediate workforce growth and future demographic challenges, supports the premise of a consistent population increase.
Assuming the growth rate from Q4 2024 to Q4 2025, reflected in the increase from 41.6 million to 42.6 million [AF2, AF3], provides an annual increase of 1 million, or approximately 83,333 monthly. If we apply this growth rate backward one month to estimate the population by January 1, 2025, the population would be approximately 41.516 million.
However, given the crucial role of immigration in this growth and Canada’s commitments and actions towards increasing lawful migration pathways [2, 3], there may be an accelerated increase in immigration towards the end of 2024. This suggests a slight potential for a population figure slightly above the straightforward projection based solely on the model's incremental increase. Nevertheless, without specific data indicating a significant departure from the trend or an unprecedented spike in migration in the last quarter of 2024, the adjusted projection would remain close to the model’s forecast.
Considering the factors and the continuous methodological improvements in population projection [4], an emphasis on the importance of immigration in Canada's population growth strategy, and the corresponding policy measures [5, 6], the forecast respects both the model's projection and the qualitative analysis based on the facts provided.
Therefore, factoring in the anticipated continued growth through immigration, while also acknowledging the absence of specific data suggesting a considerable difference from the established trend, leads to a refined but relatively unchanged forecast from the initial projection.
Canada will have a population of 41.5 million people by January 1, 2025.
Sources:
1 ::
https://www.dhs.gov/news/2023/03/24/united-states-and-canada-announce-efforts-expand-lawful-migration-processes-and
2 ::
https://www.dhs.gov/news/2023/03/24/united-states-and-canada-announce-efforts-expand-lawful-migration-processes-and
3 ::
https://www.dhs.gov/news/2023/03/24/united-states-and-canada-announce-efforts-expand-lawful-migration-processes-and
4 ::
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9783793/
5 ::
https://www.dhs.gov/news/2023/03/24/united-states-and-canada-announce-efforts-expand-lawful-migration-processes-and
6 ::
https://www.dhs.gov/news/2023/03/24/united-states-and-canada-announce-efforts-expand-lawful-migration-processes-and