Diane Francis: Trudeau’s immigration scheme is just another way to redistribute Canada’s wealth
2021/05/17 Leave a comment
While Francis’ rhetoric is over the top, but her focus on per capita GDP growth versus overall GDP growth is valid:
It’s hard to imagine a bigger bungle by the Trudeau government than the vaccine fiasco and budget carnage, but now there’s immigration. Aims are to allow 1.2 million more permanent residents into Canada in the next three years when other, well-managed countries like Australia and New Zealand, are preoccupied with retaining the living standards of their existing populaces by trimming immigration.
“History teaches us that when we grow our immigration levels, we grow our economy,” Canadian immigration minister Marco Mendicino said earlier this year, a lawyer without economic credentials.
In March 2020, he announced a target of one million new permanent residents by 2022. Then in October, he bumped this up to 1.2 million from 2021 to 2023. This is more than triple the U.S. per capita immigration rate which has nearly nine times Canada’s population. (That doesn’t include the flow of illegal immigration into the U.S.)
The ravages of the pandemic have resulted in prudence elsewhere. The U.S. reduced its visa approvals a year ago, Australia lowered its immigration target to 160,000 (with 28 million people compared to Canada’s 37.7 million), and New Zealand said its priority was to train people already in the country for available jobs.
Source: Diane Francis: Trudeau’s immigration scheme is just another way to redistribute Canada’s wealth
