As per the national economist, Labour and population are the two major pillars that lay the foundation for a strong Canadian economy. If we take history as our reference, Canada has always relied on newcomers to uplift their economic growth. Hence Immigration is getting more and more important in order to enhance the economic growth of Canada. Canada is a country of late boomer and its birth is the lowest in all the G7 countries before the pandemic. In the coming time, it is expected that these factors are going to limit the pool of working force that is going to contribute to the Canadian economy.
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