At the time, COVID-19 is an afterthought for many of us, but the pandemic has, since then, had an impact on all Canadians, in one form or another.
Canada’s economy has been battered by reason of the taking of the right decision to put public safety above all.
Canada is a well-governed rich country, its economy will eventually recover.
However, you can’t get the human life, this is why we do everything that we can to protect each and every individual in this country.
Once the pandemic is behind us, the public focus will be on how to get the Canadian economy back on its feet, and immigration will probably be one of the main topics of discussion.
COVID-19 does not change the demographic profile of Canada
In spite of the economic impact of the sars coronavirus, Canada has a rapidly aging population and low birth rate.
Canada has one of the world’s oldest populations and one of the world’s lowest birth rates. Our birth rate is so low that it is not sufficient to maintain the size of the population.
The promotion of a higher birth rate has been tried across the western world, including in Quebec, but it has not been proven to be very effective, because families nowadays prefer to just have fewer children.
The combination of an aging population and low birth rate, it will be more difficult for Canada to grow its economy and sustain the social spending at a time when the social costs are on the rise.
For example, it will become increasingly expensive to provide health care for Canada’s seniors. The elderly also spend less, which means that they do not drive as much economic activity as younger people.
Many Canadians will be leaving the labour market in the years to come. In fact, all of Canada’s 9 million baby-boomers will reach retirement age by 2030.
With fewer workers, Canada will have fewer people to produce goods and services, promote economic activity through consumption of goods and services, and less and less taxpayers.
Here is the place where the immigrants will pay a critical role post-coronavirus.
How the growth of the canadian economy after the pandemic
The addition of more workers to the active population and the use of workers more productive are the two ways that Canada can grow its economy.
Canada needs to tap into the underutilized talent sources, such as women, Aboriginal peoples, persons with disabilities, the elderly, and to provide the workers, including young people. It is both an economic and moral imperative, but it still will not be enough to fully compensate for the 9 million baby boomers who will soon reach retirement age.
Therefore, immigration will play a major role in the conduct of Canada’s labour force growth in the years and decades to come.
In November 1stminister Mendicino will announce Canada’s immigration plan. Canada is currently targeting at least amounting to 341 000 immigrants per year.
One can advance Arguments for and against, maintaining this level.
The case against immigration
One can legitimately argue that it is better to scale back immigration until the economy recovers. We need to get Canadians back to work and we don’t want to welcome the immigrants, at a time when it will be more difficult for them to find a job.
In addition, the Canadian public may not be as favorable to the reception of a high level of immigration during a period of high unemployment. Public attitudes on immigration have not been the subject of research since the beginning of the pandemic, but with the economic well-being of Canadians who are currently under threat, canadian immigration policies may face increased surveillance.
The case of the immigration
Conversely, one can legitimately argue that getting Canadians back to work and the reception of immigrants is not mutually exclusive, and may in fact be complementary.
The maintenance of high levels of immigration to support economic activity since immigrants arrive with savings and spend money on the likes of housing, transport, telecommunications, clothing, entertainment, and other things that support Canadian jobs.
The Immigrants also create jobs as entrepreneurs.
It is also important to remember that the main concern among those who are worried about immigration tends to be that the newcomers threaten the social and cultural fabric of western societies. This concern, which has nothing to do with the current pandemic, often prevails over economic concerns.
In other words, we can be deceived by the assumption that the weakening of the state of the economy will have a significant impact on public opinion. Those who are sold on the benefits of immigration may remain in their corner, while the skeptics are rooted in their corner.
The canadian economy has just hit on all cylinders
We must not forget that the canadian economy was firing on all cylinders a few months ago, before the pandemic.
Canada’s unemployment rate has reached record levels.
This tells us that once this public health crisis has been addressed (that is to say, a vaccine has been developed), Canada’s economic recovery will accelerate and many of the workers will return to earn an honest living.
Before long, Canada will return to record levels of unemployment and immigration will again be the key to its economic health.
Kareem El-Assal is the Director of Policy and Strategy, Digital CanadaVisa.
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