Is Canada set to become an outlier on immigration? & More Trending News


An area economics professor says the federal goal of welcoming 500,000 new immigrants per yr by 2025 is a ‘massive’ shift

Canada is setting its sights excessive when it comes to the nation’s newest immigration targets.

The federal authorities revealed final month a plan to up the variety of new immigrants the nation brings in annually to 500,000 by 2025, and whereas that quantity does appear fairly substantial, it is robust to inform on its personal.

“What is the total number of immigrants as a percentage of the exisiting population,” stated Mikal Skuterud, Professor of Economics on the University of Waterloo. “That’s going to give you a better indicator of the absobtive capacity of the economy and it allows you to make comparisons over time and between countries as well.”

So, let’s do this.

Skuterud stated, with these newest federal targets, Canada has primarily set a objective to hit as excessive as 1.2 per cent of general inhabitants by 2025, which he stated would make Canada a little bit of an outlier, comparatively.

“Absolutely, by a huge margin,” Skuterud stated. “So the U.S., for example, every year takes in about 0.4 per cent of their population, Australia has also reduced their intake in recent years to below 1 per cent.”

“We ran for many decades at about 0.8 per cent and now we will get to about 1.2 so that’s a big difference, these are big changes.”

Skuterud, meantime, very clear to say he doesn’t criticise the numbers themselves — in reality he helps the elevated ranges — however he doesn’t we do want to be clear about what we’re making an attempt to obtain.

“What I worry a little bit is the narrative and the kind of hyperbolic talk about why we need it and I worry that some of that isn’t accurate,” he stated.

“For sure, this idea that it’s absolutely critical for our economy and it’s going to increase economic growth, just isn’t consistent with the evidence and the beliefs of academic economists who study Canadian immigration.”

Is Canada set to become an outlier on immigration?

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Is Canada set to become an outlier on immigration?

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Is Canada set to become an outlier on immigration?

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