Canada Has one of the World’s Oldest Populations.Not only does Canada have an ageing population, but it also has one of the lowest birth rates. This situation generates economic and fiscal pressures on its society. Since it means a low rate of the labour force.Low economic growth makes it challenging for Canada to increase taxes. And taxes are needed to support social services. Such as healthcare, education and other essential areas that require contributions to preserve the high living standard of the country.Consequently, to increase its population, boost the labour force, and strengthen the economy, Canada has increased its immigration levels.
Canada Needs More Immigrants for its Financial Growth.Canada has typically welcomed over 200,000 immigrants per year. However, the country increased its levels to strengthen the economy. Then, the immigration rate now stands at 0.9%. Indeed, it is welcoming more newcomers per capita than the United States. Immigration will remain vital to supporting a healthy economy in the country. Also, Canada needs more immigrants to overcome the consequences of the coronavirus pandemic.
Why are Immigrants Important to Canada?
Canada needs more immigrants to contribute to the economy:The Canadian economy depends on the workforce and their payment of taxes. Then, Canada needs more immigrants to boost the labour force. Especially when the national population is ageing and Canadians do not have many kids.
Newcomers easily integrate into their society:As long as Canada is a multicultural country, they enjoy volunteering and participating in social activities. It gives newcomers the feeling to trust their neighbours and adapt quickly to their new life.
Immigrants are more likely to start a business:Canada offers an exciting environment for businesses. It is a strong economy with a stable currency, and it is close to New York City. One of the most important cities worldwide. Indeed, those new businesses create more employment for Canadians.
Canada needs more immigrants to fill gaps in the labour market:The country has a labour deficit in some sectors and provinces. Therefore, some immigration programs, such as PNP, aim to attract skilled workers that fill their local needs and help their economies.