Immigration is a key part of Canada\’s labour force, accounting for 84% of the growth in the total labour force during the 2010s. However, the Royal Bank of Canada has published a report that highlights the degree to which professional designations are a barrier to maximizing immigrant talent. Immigrants with degrees in the medical field are six times more likely to work in jobs that don’t require their skills than other immigrants. Canadian Imperial Bank of Commerce CEO Victor Dodig has called for a holistic approach to immigration, and Prime Minister Justin Trudeau has increased immigration targets to address labour shortages. However, some have criticized the decision to increase targets without first shoring up housing supply. Janzen notes that the shortage of housing is more due to “red tape” than immigration, and suggests streamlining this process to better utilize immigrant skills and boost productivity. Join the conversation on the issue of immigration and follow the latest news on Facebook.
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