Study Shows Immigration Helpful For Boosting Prosperity In Canada

There are countries that are not so keen on having immigrants. This may be for their own personal reasons or perhaps because of any experience that they may have had with immigrants. However, there are also countries like Canada that are quite open to having these new people in their soil because they believe that any disadvantages that such people bring to the country are outweighed by the advantages that are brought to the table. In the case of Canada, the government and the locals have seen just how good the effect is when they have been welcoming immigrants.

In recent news, the Conference Board of Canada has disclosed that the influx of immigrants to the country has been beneficial especially when it comes to the growth of the labor force. It is very important that the labor force continues to grow in Canada as the population is ageing and so there are a lot less people to do the work needed by the many businesses in the country. The study from the CBC has disclosed that the growth would primarily be thanks to immigration and that would be starting from last year right until 2040.

A key to growth in economy

According to a study that was recently done, immigration is a key to the growth in the economy in Canada. Of course, immigration alone is not going to do it. The study has shown that immigration should be combined with efforts done by the government to ensure the growth in economy. It has also been shown that groups that are part of the labor force should also help out and all the efforts would be a real key to keeping the economy up and strong. The study was done by the Conference Board of Canada and it also found out that these are very important in keeping the standards high for living in the country and should happen starting now until twenty years has been reached.

The study was named Can’t Go It Alone: Immigration Is Key To Canada’s Growth Strategy. It has looked into the factors that affect the economy as well as changes in the labor force that could bring good results to the country.

More information on the results

As per the study, by 2040, the around 25% of population of Canada would already be aged at least 65 years old. At present, they are only at 17%. This means that there would be a lot less growth in terms of the labor force. This would be quite difficult for the Canada to keep up a strong economy if there are a lot less people doing the work. That is why the country is reliant on immigrants to bring in more laborers who would be strong enough to do the work needed.

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