Morning Update: Ottawa to revise how it counts non-permanent residents after economists warn of undercounting

News Snapshot:

Good morning, The federal government is preparing to revise the way it counts non-permanent residents, after warnings from economists that around one million more of them are living in Canada than official estimates suggest. Statistics Canada said in a statement that next month it will introduce a “revised methodology” for estimating the population of the group, which includes international students on visas and temporary foreign workers. The agency made the disclosure on Wednesday, the same day The Globe and Mail reported that Benjamin Tal, deputy chief economist at CIBC Capital Markets, had told federal ministers about the one million additional...