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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Post by mrbbon Jun 04, 2024 1:00pm
202 Views
Post# 36071454

Canada Population Growth

Canada Population Growth
On June 16, 2023, Canada hit a population of 40 million people.
Between January 1st, 2023 and January 1st, 2024, Canada added 1,271,872 people (That's 3.3% growth rate). Much of the growth was driven by temporary and permanent migration, which Statistics Canada reported accounted for 96% of growth in 2022. Projections at the time showed Canada would hit 50 million by 2043. 
 
On March 27th, 2024, Canada hit its first milestone on the way to reaching a population of 50 million people when the country grew to 41 million
 
Statistics Canada noted that without immigration, Canada would only have had a growth rate of 1.2%

Imagine the social support (pension, healthcare, education, housing) in  ~20-30 years when these new comers retires from their low skills jobs, if they have a job, that contributed less taxes, less CPP while consuming and demanding good and services like 1st world society. Luckily most of us here won't be around by then to deal with this
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