Canada still needs immigration for economic stability

Canada’s aging population and declining GDP necessitate immigration to maintain living standards. Despite lower support for increased immigration, it’s a solution to demographic challenges. If Canada’s population stays the same by 2071, over 60 out of every 100 working-age Canadians will be 65 or older, increasing dependents. To keep living standards, Canada must address demographic issues and improve productivity. The notion that more immigration discourages tech and equipment investment is short-sighted. Canada needs more workers and capital investment for economic stability. Educated immigrants or those with Canadian experience can help solve the productivity issue. While not a cure-all, Canada needs the skills and ambition of newcomers to thrive. Therefore, aligning our immigration process with labour market needs and supporting immigration is key.