COVID-19 restrictions could derail Canada’s immigration-fuelled growth strategy, RBC report warns

OTTAWA — The travel and border restrictions currently in place due to COVID-19 risk derailing Canada’s strategy of growing the economy through high levels of immigration, says a new report from RBC Economics.

“The disruption will reverberate across the economy, given our reliance on immigration for labour-force growth and to offset Canada’s aging demographic. Among the potential casualties: industries with labour shortages, urban rental and housing markets, and university budgets.” Andrew Agopsowicz, RBC senior economist and the report’s author, said we’re going to see a “short shock” from the restrictions currently in place, but it’s important to keep a long-term focus on adapting our immigration system to the COVID-19 world, as new immigrants are crucial for Canada’s fiscal stability.

Canada’s largest cities and its universities and colleges are among the places that will feel the biggest effect of reduced immigration, the report says. “It’s unclear because the housing market’s been affected by a wide range of COVID related things,” he said. “People are just not leaving their houses and all this other stuff that’s not related to immigration. But I think the biggest thing we tried to first point out is that cities rely so heavily on immigration to fuel growth.

Hard to grow without any jobs. Well if we could get all rich immigrants to move here we could build them some houses.

More people more Pollution easy. Canadians first and we haven’t even got back to work yet.

We can't keep running the ponzi scheme? Shucks.

Why not?

I hope so!

BREAKING NEWS: TRUDEAU Announces $500,000,000 immigration package. Liberals are buying the next majority Govt. With handouts to everyone.

The strategy that keeps wages lower?

Thank you for providing the best news, that I've heard, since this pandemic broke!

That's a warning?

Good

no more irregular crossings

So what your saying is Canadians that already live here will have more access to better jobs because there will be less people and my tax dollars won’t have to pay to support as many other people 🤨🧐 Finally some good news comes from Covid 🥳

growth Huh, with some provinces experiencing 15% unemployment even before all of this pandemic nonsense, I would've sworn that there was no growth.

Let’s hope so!

Finally some good news. 👍

NOOOOOOOO

Do we need immigration for growth right now? Half the country lost their jobs.

Good. Let’s just take a pause on most things until we can all take a breath, let the dust settle and see where things are at. Growth should not be the focus.

Covid19 is the biggest scam of the century by the WHO

Good

Strategy?

Good!

With less imports, citizens' salaries would grow and pressure on rising housing and benefits giveaway programs for imports would drop.

Wonder boy will be pissed off

Here comes the preamble to JustinTrudeau opening the immigration doors again? This time it will be displaced migrants from DEM urban war zones, where cities are going broke? JoeBiden calls Trudeau and says, hey, can you do me a favor? Can you take on some of our nut-jobs?

The only good thing about the covid

We're gonna need a successful put Canadians back to work growth strategy first.

yeah its awful thinking millions of unemployed Canadians could fill these jobs lol

The only bonus from all this COVID-19 garbage.

good. were growing too fast. enough urban sprawl. Were almost at 40 million here. What's the end game. Subdivisions across all of southern Ontario?

Yes.

Good.

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