Finance
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
tansymundon@gov.nl.ca
2009 09 30
10:15 a.m.
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