{"id":132654,"date":"2024-01-09T03:40:47","date_gmt":"2024-01-09T08:40:47","guid":{"rendered":"https:\/\/immigration.ca\/immigrants-crucial-to-canadas-labour-market-growth-says-conference-board\/"},"modified":"2024-01-09T03:40:47","modified_gmt":"2024-01-09T08:40:47","slug":"immigrants-crucial-to-canadas-labour-market-growth-says-conference-board","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/immigrants-crucial-to-canadas-labour-market-growth-says-conference-board\/","title":{"rendered":"Immigrants Crucial to Canada\u2019s Labour Market Growth Says Conference Board"},"content":{"rendered":"<p>Immigrants to Canada need to be ensured they will be able to land jobs commensurate with their education and experience in the coming decades since these workers will form the bulk of any growth in the Canadian labour force, reports the Conference Board of Canada.<\/p>\n<p>\u201cBetween 2023 and 2026, the federal government is pursuing combined immigration targets that will see an addition of almost two million permanent residents,\u201d notes the economic think-tank.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cAs the share of immigrants in Canada\u2019s labour force increases, it is key to ensure that immigrants obtain work commensurate with their skills and education.\u201d<\/p>\n<p>Canada\u2019s population growth currently depends almost entirely on immigration.<\/p>\n<p>In its report,\u00a0<i>Record-High\u00a0Population\u00a0Growth Continues, Fuelled By Strong Permanent And Temporary Immigration<\/i>, Statistics Canada noted in mid-December that Canada welcomed 107,972\u00a0<a href=\"https:\/\/immigration.ca\/fr\/immigration-au-canada-apercu\/\">new permanent residents<\/a>\u00a0in the third quarter of 2023 alone.<\/p>\n<hr \/>\n<p><b>Read More<\/b><\/p>\n<p><a href=\"https:\/\/immigration.ca\/fr\/canada-is-becoming-a-nation-of-immigrants-says-think-tank\/\">Canada Is Becoming A Nation Of Immigrants, Says Think-Tank<\/a><br \/>\n<a href=\"https:\/\/immigration.ca\/what-to-expect-from-canada-immigration-in-2024\/\">What To Expect From Canada Immigration In 2024<\/a><br \/>\n<a href=\"https:\/\/immigration.ca\/ontario-expands-international-student-stream\/\">Ontario Expands International Student Stream<\/a><\/p>\n<hr \/>\n<p>\u201cFrom January to September 2023, immigration reached 79.8 per cent, or 371,299 new permanent residents of Immigration, Refugees and Citizenship\u00a0Canada&rsquo;s (IRCC) target of 465,000 immigrants for the year,\u201d noted the\u00a0statistical\u00a0and demographic services agency.<\/p>\n<p>\u201cFrom July 1 to October 1, the country saw the number of non-permanent residents continue to increase. The total non-permanent resident\u00a0population\u00a0increased from 2,198,679 to 2,511,437.<\/p>\n<p>Tuesday, the Conference Board\u2019s latest report, Retirements, Migration and New Frontiers: Canada\u2019s Labour Markets Outlook to 2045, underscored the importance of immigration to Canadian employers.<\/p>\n<p>\u201cYet challenges remain when it comes to overqualification,\u201d notes the Conference Board. \u201cData from the 2021 census shows that immigrants with a foreign degree are twice as likely to be overqualified as those with a Canadian degree.<\/p>\n<p>\u201cData reveal that elevated rates of overqualification persist among the second-generation children of immigrants and that the risk of overqualification is even higher among women and visible minorities.\u201d<\/p>\n<hr \/>\n<p><b>Video<\/b><\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/6h8fs-5Npbs?si=rQoH7WkIA-cLc8Ud\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<hr \/>\n<p>With labour shortages in many economic sectors across Canada, many employers are struggling and have both brought in foreign workers through the federal\u00a0<a href=\"https:\/\/immigration.ca\/fr\/canada-express-entry-immigration\/\">Express\u00a0Entry<\/a>\u00a0system\u2019s\u00a0<a href=\"https:\/\/immigration.ca\/fr\/travailleurs-qualifies-vue-densemble\/\">Federal Skilled Worker<\/a>\u00a0(FSW) program,\u00a0<a href=\"https:\/\/immigration.ca\/fr\/programme-des-travailleurs-de-metiers-specialises\/\">Federal Skilled Trades<\/a>\u00a0(FST) program and\u00a0<a href=\"https:\/\/immigration.ca\/fr\/categorie-de-lexperience-canadienne\/\">Canadian Experience Class<\/a>\u00a0(CEC), as well as the\u00a0PNPs of the 10 Canadian provinces, and tried to hire temporary foreign workers.<\/p>\n<p>\u201cTemporary residents are helping to address labour shortages and make an important contribution across many sectors in the economy,\u201d notes the Conference Board.<\/p>\n<p>The economic think-tank does, however, caution that too much easing of the competitive pressure on companies through access to temporary foreign workers may slow down the adoption of automation and eventually result in slower productivity growth in Canada.<\/p>\n<p>\u201cLabour scarcity \u2026 creates pressure on firms to improve working conditions and wages to attract and retain workers,\u201d notes the Conference Board.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cCompetition among firms, which promotes investment in physical and human capital, is a vital engine of productivity growth.<\/p>\n<h3>Ease Of Access To Temporary Foreign Workers Could Hamper Productivity Growth<\/h3>\n<p>\u201cBy increasing access to temporary foreign workers, however, firms are relieved of some of this competitive pressure. Canada has a long-standing productivity problem and persistent labour shortages. Increased access to temporary foreign workers may hamper the competitive process and weigh on productivity growth.\u201d<\/p>\n<p>With its record-breaking immigration levels in the past few years, Canada\u00a0is quickly becoming a nation of\u00a0<a href=\"https:\/\/immigration.ca\/fr\/immigration-au-canada-apercu\/\">immigrants<\/a>.<\/p>\n<p>\u201cI think we\u2019re increasingly becoming a country of immigrants,\u201d \u00a0Association for\u00a0Canadian\u00a0Studies (ACS) CEO Jack Jedwab reportedly told the\u00a0<i>National Post<\/i>.<\/p>\n<p>\u201cIn terms of identity dimensions, we\u2019re seeing across the board changes in terms of patterns of religious identification, less so of ethnicity, but more multiple identity.\u201d<\/p>\n<p>A new poll conducted by Leger for the ACS suggests\u00a0Canada\u2019s population will double in the next 25 years and nearly half of\u00a0Canadians\u00a0will by then identify as racialized or visible minorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Immigrants to Canada need to be ensured they will be able to land jobs commensurate with their education and experience in the coming decades since these workers will form the bulk of any growth in the Canadian labour force, reports the Conference Board of Canada. \u201cBetween 2023 and 2026, the federal government is pursuing combined&hellip;<\/p>\n","protected":false},"author":16,"featured_media":132650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[68025,3415,4859],"tags":[58891,72176,75109,70091],"class_list":["post-132654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada-job-fr","category-immigration-au-canada","category-lactualite-canadienne","tag-canada-jobs-fr","tag-conference-board-of-canada-fr","tag-labour-force-fr","tag-productivity-fr","category-68025","category-3415","category-4859","description-off"],"acf":[],"_links":{"self":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/132654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/comments?post=132654"}],"version-history":[{"count":0,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/132654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/media\/132650"}],"wp:attachment":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/media?parent=132654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/categories?post=132654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/tags?post=132654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}