Published on 29 May 2024 on Yahoo Finance Canada
Canada's 'super strong' immigration boom could boost these TSX-listed stocks
For permanent residents, Ottawa has a target of 485,000 new immigrants, rising to 500,000 in both 2025 and 2026. (GETTY) (FatCamera via Getty Images)
Canada’s skyrocketing population growth fuelled by record-high levels of immigration has prompted sharp warnings from economists about the housing market becoming even less affordable. But what about the stock market? From dollar store chains, to airlines, and telecom giants, major companies are spelling out plans to capitalize on an influx of new arrivals.