Why Immigration should be a Cornerstone of Canada’s Economic Policy

Canada’s labour force is changing. Justin Smith, the Director of Policy for the Calgary Chamber is taking a look at how improvements to immigration can improve Calgary businesses.  .

The Calgary Chamber was pleased to participate yesterday in the 2014 Western Canadian Immigration Conference organized by the Conference Board of Canada. We spoke on a panel discussing ways to support new Canadians and build an immigration system that is more responsive to the needs of the business community. Throughout the informative and thought-provoking discussion, what became clear was how crucial immigration is to our continued economic growth and competitiveness. In fact, last year was a bit of a turning point when it came to labour market statistics: it marked the first year that Canada’s total net labour force growth was 100% attributable to immigration. Put another way, because of baby boomer retirements and other demographic trends, at least for the foreseeable future, growing our workforce, and by extension our economy, will depend wholly on immigration – there simply aren’t enough Canadians to keep pace.

That means ensuring the efficiency and proper functioning of our labour market, and ensuring that this market is sufficiently resourced, needs to be the cornerstone of Canada’s economic policy, at every level of government. This is particularly true in Western Canada, where a tight labour market is hindering our economic potential; it is limiting our overall output, it is hampering our ability to grow existing industries and diversify into new ones, and it is stifling our capacity for innovation. Despite a solid decade of adjusted approaches and reforms from the federal and provincial governments, and a renewed focus on economic immigration, too many immigrants either lack the skills needed in our market, lack the certification required to practice these skills, or otherwise face significant difficulty in fully integrating into the Canadian economy.

Here’s a snapshot of some of the ideas discussed at the conference.

Read more here.

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