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Quarterly capital spending - Fourth quarter of 2023

Released: 2025-09-26

QP Capital expenditures in the oil and gas extraction industries, including expenditures on exploration and evaluation, increased by 3.4% in the second quarter to reach $10.4 billion.

RT ALPHA 3.19
2025
$100 billion
1.3%
(monthly change)
Source(s): 12345

Slower population growth continues during the second quarter of 2025

The population of Canada reached an estimated 41,651,653 people on July 1, 2025. This is an increase of 47,098 people (+0.1%) from April 1, 2025, and the lowest population growth rate in a second quarter since the second quarter of 2020 (+0.1%), when growth nearly halted because of border restrictions at the onset of the COVID-19 pandemic. Except for 2020, it was the lowest growth rate in a second quarter since comparable records began (second quarter of 1946).

Reductions in the number of non-permanent residents continue

In the second quarter of 2025, the number of non-permanent residents in the country dropped for the third quarter in a row, after the federal government announced in 2024 that it would reduce the number of permit holders in Canada. After peaking at 3,149,131 non-permanent residents on October 1, 2024 (7.6% of the total population), that number dropped to 3,024,216 by July 1, 2025 (7.3% of the total population). The decrease during the second quarter of 2025 (-58,719) was the second-largest quarterly decline in the number of non-permanent residents since comparable records began (third quarter of 1971), following the decrease in the third quarter of 2020 (-67,698). In 2020, the number of non-permanent residents who could come to Canada was limited by pandemic-related border restrictions.

Fastest growth in Prince Edward Island; population decrease in British Columbia

Prince Edward Island (+1,368; +0.8%) was the fastest-growing province in the second quarter of 2025, followed by Alberta (+19,268; +0.4%). British Columbia (-2,154; -0.0%) was the only province or territory to see a population decrease, and this decline was higher than in the first quarter (-299; -0.0%). Gains in that province from immigrants (+12,740), interprovincial migration (+1,678), and natural increase (+810) did not fully compensate for the decrease in the number of non-permanent residents (-14,699) and losses to net emigration (-2,683).

Differences between data on non-permanent residents from Statistics Canada and Immigration, Refugees and Citizenship Canada

Statistics Canada collaborates closely with Immigration, Refugees and Citizenship Canada (IRCC) and other federal departments to estimate the number of non-permanent residents living in Canada. The demographic estimates from Statistics Canada are updated on an ongoing basis, as new or revised data become available from its partners. Caution should be exercised when comparing data on non-permanent residents from Statistics Canada's Demographic Estimates Program with temporary residents and asylum claimants from IRCC due to the different objectives of the two organizations.

Please see "Non-permanent residents data at Statistics Canada," "Statistics on non-permanent residents at Statistics Canada" and "How does Statistics Canada estimate the number of non-permanent residents?." These products define non-permanent resident data at Statistics Canada and the various data sources available to users.

Note to readers

This is a note to readers

Definitions, data sources and methods

Definitions, data sources and methods
  • 5186 — Quarterly Survey of Capital Expenditures - Oil and Gas Activities

Related products

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For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).

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Date modified:
2025-09-26

Quarterly capital spending - Fourth quarter of 2023
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