CD Howe Institute: Higher immigration without business investment lowers Canadian living standards

Yet another voice questioning the government’s immigration strategy and policies given lack of business investment:

Immigration is driving a historic surge in Canada’s population. At the same time, Canadian wages and living standards are stagnant. That is a bad combination – and, worse, it is not a coincidence. And here’s the link: Business investment is so weak that the stock of productive capital per worker in Canada – the buildings, tools and software they use – is falling. More workers and less capital are putting Canada on a path to a low-productivity, low-wage economy.

…

William Robson is chief executive of the C.D. Howe Institute. He recently co-authored a report on business investment in Canada.

Source: Opinion: Higher immigration without business investment lowers … – The Globe and Mail