Randall Bartlett, senior director of Canadian economics at Desjardins, joins BNN Bloomberg to talk about how immigration is driving real GDP growth in Canada.
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Canada, like many other countries around the world, has been feeling the economic impact of the COVID-19 pandemic. With businesses closing, layoffs happening, and decreased consumer spending, the Canadian economy has been going through a rough patch. However, one factor that has helped Canada avoid a deeper recession is non-permanent resident immigration.
Non-permanent resident immigration refers to individuals who come to Canada on a temporary basis, such as international students, temporary foreign workers, and individuals on visitor visas. While these individuals may not hold permanent resident status, they still contribute to the Canadian economy in significant ways.
One way non-permanent resident immigration helps Canada avoid a deeper recession is through their contribution to the labor force. Many international students and temporary foreign workers take on jobs in various sectors of the economy, such as hospitality, agriculture, healthcare, and technology. During the pandemic, these individuals have played a crucial role in filling labor shortages in essential industries, keeping the economy running and preventing further job losses.
Moreover, non-permanent residents also contribute to the Canadian economy through their spending. International students, for example, pay tuition fees, rent housing, and spend money on goods and services, injecting billions of dollars into the Canadian economy each year. Similarly, temporary foreign workers and visitors spend money on accommodation, transportation, and leisure activities, supporting local businesses and creating jobs.
Furthermore, non-permanent residents often bring diverse skills and expertise to Canada, which can benefit the economy in the long run. International students, in particular, often receive high-quality education in Canada and may choose to stay in the country as permanent residents after completing their studies. This influx of talent can fill skill gaps in the labor market and drive innovation and economic growth in various sectors.
In addition to their economic contributions, non-permanent resident immigration also helps Canada maintain its population growth. As the Canadian population ages and birth rates decline, immigration, including non-permanent resident immigration, has become increasingly important for sustaining the labor force and supporting economic growth.
While non-permanent resident immigration has been essential in helping Canada avoid a deeper recession, the pandemic has also brought challenges for these individuals. Many international students, for instance, have faced financial hardships due to lost part-time jobs or challenges with online learning. Temporary foreign workers have also experienced job insecurity and difficulties returning to their home countries.
As Canada continues to navigate the economic repercussions of the pandemic, it is essential to recognize the valuable contributions of non-permanent resident immigrants and support their integration and well-being in the country.
In conclusion, non-permanent resident immigration has played a crucial role in helping Canada avoid a deeper recession during the COVID-19 pandemic. From filling labor shortages to contributing to economic growth and diversity, non-permanent residents have been instrumental in supporting the Canadian economy. As the country moves forward, it is vital to recognize the significance of non-permanent resident immigration and ensure that these individuals have the support they need to thrive in Canada.
This guy must work in the PMO.
HELPING?!?!?!?!!
You can pay Indians 2$ an hour and hence you make more money. Thats how .
TRUDEAU HAS DESTROYED CANADA !!!!!!!
Immigration is just a bandaid politicians use to mask the realities of the economy which they caused with housing, health care and food. The truth is that a recession is inevitable and is needed to bring down the cost of live and also get ride of all the Canadian investors in the housing market who drive up prices and it impossible for Canadian families to afford anything. Canada has destroyed its middle class so their is only people with assets and the ones with out. When a recession occurs its the one's with assets in houses losses and guess which side all the politicians are on. The only people who benefit from Immigration are big corporations and politicians, the average Canadian losses because it keeps wages low and housing cost high. Don't buy what these people are selling.
I feel sorry for everyone of them, Third World immigrants forced into crappy apartments doing the shit jobs white people refuse to do. I have seen this first hand.
"This ad is brought to you by the Liberal Party of Canada"
The problem is not about more immigrant. The problem is general hostile policies towards business from all level of government, especially liberal federal government and NDP. The problem is federal government crazy overspending to drive Canada towards bankruptcy. If every newcomer can easily find a job to support their family, they will become contributor, not a financial burden on society. Government policies should reward and encourage entrepreneur and hardworking people, not punish them with high tax.
The negative to letting in that many people far outweighs the positive.
It's like the government is spending a quarter in order to purchase a dime.
If they don't have a strong contribution, we should not let them in.
My brother left Canada during the 80s recession, married a Swiss girl, took him many years of proving himself to eventually become a Swiss citizen, even though he has a university degree and speaks 3 languages.
He has been a teacher there for over 30 years now
Doesn't even think about ever returning here
Canada is a corporation, not a country.
All I hear is: taking jobs from Canadians.
he gets his info from the liberals ?
What economic growth? Canada doesnt make anything.
It is a complete ponzi scheme. Abandoning any kind of living standard improvements for a return to serfdom and huge landlord wealth gains.
Too much “sort of”
Canada has more fresh water than anyone. Canada has lots of space and resources. Canada has a stable government and extensive trade deals. More people is a benefit. The government just has to manage it well (housing, health care, employment).
Are you guys stupid?
Adding millions of people to Canada without a plan is amazing. Medical systems, schooling, housing etc are all being stressed. Lower GDP is also a great sign of prosperity for all that live here. Oh no wait it's not, it's a time bomb. I'm an immigrant and they need to slow it down.
Non-permanent residents are permanent residents that haven't had time enough
The high number of immigrants coming in is making everything expensive.
Lies. We are in a real GDP per capita recession. The high amount of low quality immigrants is making it worse.