How Immigration Will Play an Essential Role to help Canada Strengthen its Economy Post Covid-19

We all know the amount of economic devastation caused by Coronavirus all over the world. Even the world’s most powerful countries are struggling to prevent the further spread of this pandemic and are under economic threat. Today, the need of the hour is not only to recover the health of people suffering from this deadly virus, but also find out ways to return to the economic track.

The sudden blockage in immigration flow is a huge setback for many developed nations who have long been dependent on immigration to generate wealth and keep up with their economic activities. As the nations around the world close their borders amid coronavirus outbreak, the statement released by the IMF further accelerate the economic tension in major countries. As per IMF, the world economy will contract by 3% in 2020, which is the world economic recession since the Great Depression. Therefore, it is important for every country to take wise decisions to boost its economy and ensure the well being of its citizens.

If we talk about Canada, it wouldn’t be wrong to say that the maple leaf country has always welcomed immigrants and considered migration as an excellent source of economic gains. Currently, Canada, just like any other country in the world, is dealing with numerous covid-19 cases and deaths caused by the outbreak. The economic aspects of the country are also heading towards economic contraction quickly. However, this does not stop Canada from taking bold steps like inviting more than 1 million immigrants from 2020-2022. This is a crucial step that Canada has taken to recover from economic slowdown.

Even amid border closures and travel restrictions, the officials at Canada immigration department continue to process visa applications and conduct immigration draws on a regular basis. This clearly highlights that Canada wants to welcome more skilled immigrants in near future.

Why Canada should welcome more migrants?

First of all, Canada understands the importance of maintaining its immigration flow in tact as a way to recover from the economic slowdown posed by the novel coronavirus pandemic. The country now needs skilled foreign workers more than ever to boost its economy and create more job opportunities in near future.

Secondly, Canada aims to welcome over 300,000 immigrants per year in the next few years. This will help Canada to diminish demographic challenges like low birth rate, aging population, and baby boomers retirement.

Currently, Canada has the world’s lowest birth rates and the oldest population in the world. A major population of Canada is about to retire in upcoming years, which will pose challenges to the government as they will be needing workers to fill the positions left by the retired workforce. This is where immigration will take the centre stage.

Canada’s economy has extensively relied on immigration since the 1990s, and will continue to do so in the early 2030s as well.

With more population, the labour force grows stronger. And, with more overseas skilled workers, Canada can grow its economy easily.

Canada selects skilled and talented immigrants through Express Entry and Provincial Nominee Programs. If in any way, the country halts or reduce immigration flow, then it could have some serious effects on its economy, which Canada can’t afford to take at this point of time.

Canada is definitely leading the world in the way it is balancing its anti-COVID measures as well as immigration activities for essential sectors. Considering Canada’s approach to immigration and public health, world economists are projecting that soon Canada’s economy will pick up the pace and revive faster. More and more people will get back to their work and many more job opportunities will be created for immigrants.

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