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September 30, 2009

Province�s Population Increases by Almost 1,400

Newfoundland and Labrador�s population increased by almost 1,400 people from April 1 to July 1, 2009, as a result of continued in-migration. The Honourable Jerome Kennedy, Minister of Finance and President of Treasury Board, said the province�s population has grown by 2,484 over the past year to 508,925.

�Continued population growth is a very important and positive measure of confidence in our province and its strong economic performance,� said Minister Kennedy. �After recording several years of strong economic growth, our province has recorded positive net in-migration in six of the last eight quarters. This success is due in part to major tax cuts and enhanced public services as a result of investments by our government, along with significant personal income gains and a continued positive economic outlook.�

According to Statistics Canada, the province�s population grew by 1,397 people, or 0.3 per cent, from April 1, 2009 to July 1, 2009, and by 2,484 people over the past year. The annual population increase was the result of net-migration of 2,762 people, which includes a net gain of 2,332 people moving to Newfoundland and Labrador from other provinces within Canada, and an additional gain of 430 moving to the province from international locations. Deaths outnumbered births resulting in a natural population loss of 278, partially offsetting positive migration.

Minister Kennedy said the province is recording strong business and consumer optimism, which is supporting in-migration. Domestic demand is strong with investment expected to increase by over nine per cent this year. Retail sales are up by 1.7 per cent from January to July, and government investment in infrastructure is at a record high.

�We expect to see continued migration to the province over the next number of years as projects such as the Voisey�s Bay processing facility, White Rose Expansion, Hibernia South and Hebron result in a significant increase in capital investment, resulting in additional employment opportunities for people to move to the province,� the minister said.

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Media contact:
Tansy Mundon
Director of Communications
Department of Finance
709-729-6830, 685-2646 

2009 09 30                                                   10:15 a.m.

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