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450,000 Immigrants Per Year Could Boost Canada’s Economy If Newcomers Have Better Job Outcomes

“Immigration makes an immense contribution to Canada’s economy, but the employment barriers that newcomers experience are preventing Canada from fully reaping the economic benefits,” said Kareem El-Assal, Senior Research Associate, Immigration, The Conference Board of Canada. “Conversations on Canada’s future immigration levels should go beyond the numbers to include how Canada can better integrate immigrants into the labour market.”

Highlights

  • With the federal government set to announce Canada’s 2018 immigration target by November 1st, the report, 450,000 Immigrants Annually? Integration Is Imperative to Growth, examines the economic impact of immigration between 2017-2040.
  • If Canada were to welcome 450,000 newcomers per year, as recommended by the federal government’s Advisory Council on Economic Growth, real GDP would grow by an average of 2.05 per cent annually, with immigration contributing nearly one-third of economic growth.
  • Maintaining the status quo on immigration levels would improve real GDP per capita the most. On the other hand, maintaining the status quo would have the smallest impact on alleviating Canada’s economic and fiscal pressures.
  • Addressing the long-standing labour market integration challenges that immigrants face is imperative to boosting the economic impact of immigration.

 

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Link: http://www.conferenceboard.ca/press/newsrelease/17-10-02/450_000_immigrants_per_year_could_boost_canada_s_economy_if_newcomers_have_better_job_outcomes.aspx?utm_source=twitter&utm_medium=social&utm_campaign=share

Publisher: The Conference Board of Canada

Jurisdiction: National

About Lucie Morillon

Lucie Morillon is the Bilingual Content & Communications Co-ordinator for CERIC. With a passion for quality content, she connects with her online communities and provides strong resources to engage members – and always encourages new ones to get involved. She identifies, creates and curates the content destined for the ContactPoint website, the weekly CareerWise newsletter and Careering magazine.

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