6th, Mar 2024

Immigration, while debated, fuels Canada’s economic growth

Immigration catalyzes Canada's economic growth, though its long-term viability is subject to debate.

According to Northern Trust, a notable surge in newcomers was observed in 2022, contributing to Canada's unprecedented population growth.

This influx, totalling 437,180 immigrants and 607,782 non-permanent residents, has invigorated the healthcare, IT, and construction sectors.

However, Ottawa's strategy has raised eyebrows, reflected in the Trudeau administration's imposition of caps on study permits and a noticeable shift in public sentiment fueled by concerns over strain on public services and housing.

In response to Canada's ageing demographic, some advocate for a more robust immigration initiative.

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