As the world suffers a negative impact on its economy as a result of the presence of coronavirus pandemic, the IMF have predicted that the global economy is likely to suffer a 3% drawdown in 2020, which makes it the worst economic drawdown ever experienced.
Canada has also announced its interest in welcoming over a million immigrants within the year 2020-2022 in other to help improve its economy. This announcement came in days before the country was forced to implement travel restrictions and most activities suspended in other to stop the spread of the coronavirus disease.
The Canadian government wasn’t really aware that the global economy will be coming to a negative contraction before this announcement.
Presently, the inquiry is Should Canada Still go on with Their Immigration Plan?
This is an enormous inquiry that would require a complete audit before thinking of a last arrangement or answer. There is no uncertainty that the impacts of Covid-19 will require the Canadian government to make a change in accordance with their proposed Immigrants plan.
In any case, considering the way that Canada needs immigrants now like never before to help support their economic development, it won’t sound economically astute to altogether decrease the quantity of proposed foreigners the nation intended to welcome.
Major Reasons Canada Needs More Immigrants
- Issue of Low Birth Rate – Canada is a country with one of the lowest birth rates when compared to other countries of the world and tops the oldest population list. As the older citizens retire, the country usually finds it hard to replace them due to its usual low birth rate and that’s one of the reasons why Immigration is needed.
- Canada Population – It has been confirmed based on statistics that immigration has been the major driver of Canada’s population growth since 90’s and will likely be the only major driver of it in 2030’s.
- Canada Labor Force – Immigration is currently the major driver for almost all of Canada’s labor force growth in the past years. Meaning that Canada labor force growth will be affected negatively if it welcomes fewer or no immigrants and grows when it accepts more immigrants.
With the world’s economy at an enormous downturn, It will be wise for Canada to proceed with their proposed arrangement of inviting more than 1 million immigrants between the space of 2-3 years to empower them develop their economy.
Canada’s economy is confronting difficult stretches, yet migration will assume an essential job in supporting Canada’s monetary recuperation since outsiders will assist with filling recently made employments and furthermore bolster work creation in different manners.