Without accompanying business investment, an increased labour supply will lead to lower per-capita income growth.
Federal government should give greater weight to education credentials to attract ‘elite’ immigrants
The establishment of new companies based on innovation underlies economic growth and higher living standards in Canada.
In nine developed countries including Canada, immigrants are more than 20 per cent more likely to be self-employed than the native population.
An estimated 30,000 to 40,000 Canadians work in the U.S. under NAFTA program.
In the case of the Atlantic provinces, all four have unemployment well above the 6.8 per cent national average, with Newfoundland's at 12 per cent and P.E.I.'s at 11 per cent.
A recent series of articles in the Globe & Mail suggested Canada should double its annual intake of immigrants to 500,000 with the goal of raising the country's population to 75 million in 50 years and 100 million by the end of the century. The justification for this policy is almost entirely ideological. The larger population is needed to give more weight to the authors' efforts to convince the world to follow Canada's model of a truly social-democratic, multicultural and eco-friendly society yet there is no discussion of the high economic costs the policy would bring.
Since the early 1980s, Canadas immigration selection policies have focussed on the principal applicants highest educational achievements and language skills, explicitly to ensure that immigrants would be suitable for employment and economically successful once they arrived.