Conference Board of Canada says 450,000 immigrants per year will boost economy

Conference Board of Canada has said in its latest report that 450,000 immigrants per year will boost the economy if the newly arrived immigrants possess better job results. It, however, does not recommend any specific model over the other.

The latest study of the Conference Board of Canada examines the long-term and medium impacts of diverse immigration levels. This is more appropriate with respect to the imminent impact of fiscal and economic challenges facing Canada even as baby boomers approach retirement.

The numbers of 450,000 immigrants per year are just one aspect, explains the report, as quoted by the Canadavisa.  For the successful integration of the newly arrived immigrants, the public and private sectors in Canada must collaborate to ease their lives. This could be done through several initiatives such as recognition of overseas credentials or faster access to the skilled job market through up-skilling schemes and training.

The economic success of Canada is driven by a range of factors. It has strong institutions and hard working educated population. It also has the benefit of being rich in natural resources. Canada is also located in the region of the world that is relatively unthreatened from the viewpoint of security. However, the nation cannot rely indefinitely on mere good fortune.

Author Doug Saunders in a new book titled ‘Maximum Canada’ describes how the cities, social programs and environment of Canada are threatened by ‘population deficit’. He explains that the 100 million Canadians target might be worth the effort but planning is needed for executing this goal. The Century Initiative also shares this objective. It is a group of leading Canadians devoted to thoughtfully and responsibly enhancing the Canadian population to 100 million by 2100.

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