Business Council of Canada urges Chrystia Freeland to focus on energy, deficit, immigration [more] in fall fiscal update

Little surprise that the BCC is calling for further increases. Will be interesting to see how this call is answered given Minister Freeland’s signal that new program funding has to come from within existing funding and the expected economic downturn and possible recession:

…

On immigration, the letter says 80 per cent of employers have reported having difficulty finding skilled workers, which is contributing to the delay or cancellation of major projects.

“With an aging work force and a declining labour participation rate, Canada’s future prosperity depends on further increases to the annual number of economic-class applicants who are granted permanent resident status,” the letter states.

The business council recommends that Canada’s immigration targets for 2023-2025 should be equal to 1.2 per cent of the Canadian population, with 65 per cent of new permanent residents entering the country under an economic-class program. That category includes those who are selected for factors such as their ability to meet labour market needs or to start, operate or invest in a business.

Both targets are slightly higher than the government’s current plans, which would welcome 451,000 permanent residents in 2024, of which 267,750 would be from the economic category.

“In support of this goal, we recommend that the fall economic statement provide additional funding to rapidly modernize immigration IT systems, open new processing centres, and increase the ranks of border agents and settlement services personnel,” the council’s letter states.

Source: Business Council of Canada urges Chrystia Freeland to focus on energy, deficit, immigration in fall fiscal update