Canada’s population shrank another 0.1% in Q1, shedding 55K people - or roughly half of Q4’s contraction…

… driven by some moderation in the outflow of non-permanent residents, which was still large at ~120K and should continue - given the current total sits 490K above Carney’s 5% goal…

… while permanent immigration is tracking below target, remaining flat Q/Q at just over 80K.

Within Canada, interprovincial migration trends remain the same…

… with continued east to west movement during the quarter.

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