Seize the Opportunity-Drive the Economy’s success
Canada immigration Qatar could be vital post pandemic as the minister of health has emphasised on the importance of immigrants. “Immigration will absolutely be key to our success and our economic recovery,” Mendicino said.“We continue to rely on immigration, it will be an economic driver and this will be the North Star of our policy going forward. ”Mendicino observed that COVID-19 will not change Canada’s long-term demographic trends. Canada’s worker-to-retiree ratio is declining, which means that the country will continue to need immigrants to drive economic growth. He also noted that this is not the first time Canada has faced a pandemic and economic challenges, however, Canada has continued to grow in spite of such challenges thanks in part to welcoming immigrants.
Why Immigration is so important to Canada’s economy?
Canada’s retirement rate has gone up, and by 2030 all 9.2 million of Canada’s most prominent worker cohort—the baby boomers—will be of retirement age. This reality, combined with a low fertility rate, is creating economic and fiscal pressure. As such, to maintain its high living standards, Canada needs solutions to replenish those exiting the workforce. The solutions must entail identifying how to maintain a healthy sized labour force to stimulate economic activity, as well as the tax revenues to fund vital social expenditures such as rising health care costs, and exploring how the labour force can become more productive.