Annual boosts to immigration should benefit employers: Experts
Wednesday, November 14, 2018

Touting it as a central pillar of the country’s future economic success, the federal government unveiled its three-year immigration plan on Oct. 31.

Canada will look to welcome 330,800 new permanent residents next year, followed by 341,000 in 2020 and 350,000 in 2021 as the immigration rate edges closer to one per cent of the total population.

That compares to targets of 310,000 this year and 300,000 the two years before that.

The government is focused on attracting the best and brightest from around the world, said Immigration Minister Ahmed Hussen.

“The new multi-year immigration levels plan supports Canadian employers and businesses by ensuring they have the skilled labour they need to spur innovation and help to keep our country at the forefront of the global economy,” he said.

The majority of new residents will enter the country through economic programming designed to address the labour market and skill shortages.

The increases come at a time when an aging population and low birth rate are placing growing pressure on the Canadian economy, said Hussen.

With the retirement rate rising sharply, economic growth is becoming a challenge, said Pedro Antunes, executive director of economic outlook and analysis at the Conference Board of Canada in Ottawa.

“It’s an opportune time to see immigration levels come up,” he said.

“It’s not just generating more economic growth for the sake of economic growth. It’s generating more economic growth because we have a challenge in terms of how the aging of the population is affecting dependency ratios.”

Economic opportunity

In the current global environment, Canada has an opportunity to leverage immigration and attract high-skilled workers to support its economy, according to Shannon Ker, spokesperson for the Department of Immigration, Refugees and Citizenship Canada.

“Canada has benefitted tremendously from immigration,” she said.

“Wave upon wave of immigration has been part of building Canada into what it is today — a country that celebrates multiculturalism and diversity, has a global reputation for being welcoming to people from around the world, and stands up for the most vulnerable.”

Source: Canadian HR Reporter, By Marcel Vander Wier Read the full article