Last Updated on January 24, 2019
Canada must recognize the potential economic advantage that immigrants bring if it wishes to remain globally competitive, according to one of the country’s top economists.
In a recent piece for the Globe and Mail, Royal Bank of Canada chief executive officer Gordon Nixon, calls for more efforts to tap into under-utilized immigrant skills. He points to a recent RBC study which found that if newcomers earned equal wages to their Canadian-born counterparts, personal income in Canada would increase by $31 billion.
Nixon first calls out employers, saying that more needs to be done to promote diversity in the workplace and embrace international experience.
“A work force with global experience is a competitive advantage,” argues Nixon, who is also chair of the Toronto Region Immigrant Employment Council. “International experience is an asset to business. Too often, we hear that newcomers with no Canadian experience would be hard to fit into the Canadian work force. In truth, international experiences relate directly to the modern Canadian context.”
Secondly, states Nixon, governments need to continue the work that they are doing with other levels of government, as well as stakeholders in the community. More funding should go toward skills assessment and training, as well as community support services and cultural activities.
Immigration has helped make Canada the country it is today. We must not forget that part of our heritage if we wish to continue to contribute and compete in the interdependent global marketplace.
“The lesson of our history is clear and points the way to future economic prosperity and success: Canada has relied on diversity and immigration to build a prosperous economy and will continue to do so in the years ahead. We are good at it, but we need to get better to maintain that competitive edge.”
Source: Globe and Mail