Economic impact of reducing temporary residents
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- čas přidán 2. 08. 2024
- Tony Stillo, director of economics for Canada at Oxford Economics, joins BNN Bloomberg to discuss the economic impact of reducing temporary residents.
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My life is f***** because of these "students" and TFW's. Moved to Edmonton because it's the only place I could afford a condo despite knowing no one and leaving all my friends and family behind. I literally got pushed out of my province because I can't afford the rent. Now in Edmonton every job is filled by a "student" from Punjab and wages are ridiculously low. Why pay a Canadian a living wage when some kid from the backwaters of Punjab will do it for $15 and can afford to because they'll accept living in deplorable conditions in bunk beds. Not to mention once they infiltrate a workforce they only hire their own. I cannot find decent work here despite having a good resume and an education. People are going to start revolting. The unemployment rate is rising. Young Canadians futures have been stolen. Crime rates are going to rise to unforeseen levels. The news stations in Canada are completely out of touch with how bad things are and how angry people are. It's the same when you sit in a room full of boomers. They are trying to trick themselves into thinking it's all going to be okay. Things aren't okay.
time for the boomers to experience the BOOM
They only hire their own and that doesnt include canadian or american indians either - they only want to hire other fobs like themselves who they will exploit.
"Someone" voted Trudeau in THREE times. I havent read a single post where someone admitted they voted Liberal.
This is now the consequence of voting for nice hair and circus socks.
It was literally Toronto, Vancouver and the Maritimes@@MeMe-cz6pk
@@MeMe-cz6pk I voted liberal the last election but not anymore
The student visa has become the de facto work permit in Canada and a backdoor to gaining PR and citizenship. These "students" are never leaving.
do you think work permit temps leave?
Some of these people are then smuggling into the US
yeah and meanwhile on CP24 headline today saying this summer is the hardest for students to find work. Maybe because they are competing with 400k economic migrants that we brought in this year ALONE. Im 31 with plenty of manager experience and im struggling to find a FKN minimum wage job ffs. Women, gay people and immigrants all being hired above me becasue im a white man.
@@JSRTales many temp permits have a path to citizenship.
I can recall 50 convo's with foreign uber drivers going like: "Oh nice! What are you studying!?" reply: "Business, business" me: "Cool; with a particular specialty? An mba? reply with hand-waving: "Ya ya okay okay".
Rapid population growth has weakened our standard of living, not maintained it. Not sure why BNN anchors keep repeating these pre-2015 timmigration talking points when the negative economic impacts are so obvious.
In one generation, housing in Canada has become a luxury only available to the upper class. These guys have no idea how severe the political backlash (including extremism) will be when you render an entire generation homeless. These clips will be looked at in the future the same way we look at clips of the roaring 20s before the Great Depression, demonstrating how out of touch the capital owning class was with the majority.
Those psychopaths simply don't care. So long as they are allowed to selfishly make money on these globalist policies
So true we really got served a shit hand
It's also hurting business overall. Stagnant productivity chokes business growth. Maybe now, employees can get decent pay and real time off like 4 weeks or 5 weeks as i heard it is in europe where people tend to be even more productive than many Americans. It's not hard to fix our productivity crisis. We just need employees to have some real time off and a real future for themselves to look forward to. Even McDonald's workers in europe get 4 or 5 weeks off and can generally get by on one job in many cities, so why are we not doing the same so people can reduce burnout? Maybe it can be managed according to industry, but i think chronic burnout is destroying the canadian economy. Just my opinion.
Cannot bring more people until the people already here meet all their needs
That will never happen as wants are unlimited.
Poorly thought out immigration policies also hurt business overall. Stagnant productivity chokes business growth. Maybe now, employees can get decent pay and real time off like 4 weeks or 5 weeks as i heard it is in europe where people tend to be even more productive than many Americans. It's not hard to fix our productivity crisis. We just need employees to have some real time off for themselves to look forward to. Even McDonald's workers in europe get 4 or 5 weeks off, so why are we not doing the same so people can reduce burnout? Maybe it can be managed according to industry, but i think chronic burnout is destroying the canadian economy. Just my opinion.
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Immigration over the last few years has done nothing to improve the Canadian society. Yes we need steady immigration to grow as a nation but the approach the Liberals have taken has been a complete disaster. It has completely quashed the chances of many Canadian born millenials to ever afford to own their own home and it has completely bogged down our infrastructure including our ability to get healthcare which we pay an arm and a leg for in taxes. Canadian born high school and college students now can't even get part time jobs now because they are all taken by "international students" and their spouses.
Scapegoat scapegoat, it's always someone else fault
Increase of immigration also massive increase of crime corruption and scams
either participate e.g start a diploma mill / college in the rackets or lose out ? Get elected, grift in Ottw. .. just listing some options .. emp. slave labour and generate profits etc lol
This is false Idk where you get this fake news. Statistics do not indicate this
Ill speak for myself and say I could have had more children but I chose not to because of affordability. I grew up with fk all, I was always at my grandmothers or dayhomes because my parents worked all the time to keep a roof and I didnt want that for my child.
So thank for punishing Canadians who chose to do it finaically smart while NOT put the financial stress of starting a family on tax payers...like most if not all of these immigrants are doing!
It's poor public policy but profitable for corps ( and their gov. buy offs) for destroying familial growth .. next qtr. profits lol
It is the poor who usually have more children. The indigenous and immigrant population are having more children now but as their wealth increases, that will slow too. Globally the population is decreasing almost everywhere. Canada is still good in attracting immigrants. Other areas in the world are not so good eg Japan and soon China
Arbitrary immigration targets are simultaneously increasing demand and suppressing wage growth. There are better ways to control immigration. I would suggest demand based approach with some guard rails in place. For instance, I would require all educational institutions to provide housing for international student (at least 50%). Businesses should be required to provide accommodation to all temporary/seasonal workers on top of the minimum wage. In order to hire foreigners employers should be required to prove that they are paying enough to afford housing in the region (market cost of accommodation is less than 30% of salary). Accommodation for refugees should be secured before bringing them to the country from around the globe. No accommodation = no permits. It would limit demand and prevent wage suppression.
This makes more sense than the rest of the crap on here
They'll NEVER do any of this though, good luck lol
Are they still letting them or what? Are caps in place yet? Why does it seem no pressure let off yet?
I don't think 7% is anywhere near what the peak will be. Maybe if you assume pop growth will stall.
The NPRs are countering the govts moves in real time by applying for PR or refugee status. Which leaves them in the country for years during the slow process.
Taking this into account my estimation of peak unemployment is closer to 10% by this time next year.
Running projections based on the govt doing a 100% efficient job of their policies is foolish.
Excessive immigration has distorted the economy in so many ways. It is probably the biggest economic screwup in ages.
Excessive immigration has distorted housing, wages, infrastructure requirements, and health care amongst other areas. The end result is that we have become addicted to "population growth", relying on it to power the economy. But like all addictions there are huge downsides, including withdrawal pains.
Better to take the pain now (sharp reduction in immigration) and keep the pain to a minimum, otherwise the economy and the environment will continue to suffer even more.
A sustainable aim (especially with ai about to devastate employment) would be to look to a achieve a relatively constant population with immigration restricted to those under 40 years old. That way we try and fix demographics without stressing infrastructure and further damaging the environment.
Keeping immigration below 40 misses an important point about age. I'm a 43 year old immigrant, UK. I came 20 years ago. I brought my parents over 10 years ago. They brought their mothers last year. You can restrict the age of the initial immigrant but we tend to bring people with us.
It can be run smartly bring people in where there are "real" shortages only if attempts to fill locally fail .. but that will never be allowed by corp. lobbies , other vested interests lol
TOO MUCH PERIOD..causing severe housing crisis, overloaded services
*they need more Liberal voters, I hope these international students who get PR never vote for Liberals*
Libs and Cons have been cleaning each others mess for too long lol
We don’t have enough jobs and houses for everyone with massive immigration
It is just a corporate greed, growing economy by just scaling up benefits businesses but not population. With cheap workforce available there is little incentive to invest in employees productivity, making business more effective and modernized.
Except it was hurting business overall. Stagnant productivity chokes business growth. Maybe now, employees can get decent pay and real time off like 4 weeks or 5 weeks as i heard it is in europe where people tend to be even more productive than many Americans. It's not hard to fix our productivity crisis. We just need employees to have some real time off for themselves to look forward to. Even McDonald's workers in europe get 4 or 5 weeks off, so why are we not doing the same so people can reduce burnout? Maybe it can be managed according to industry, but i think chronic burnout is destroying the canadian economy. Just my opinion.
When the government sets immigration levels as a percentage of the total Canadian population, it considers the entire country's population. However, most immigrants tend to move to major cities in Ontario and other provinces, putting a strain on public infrastructure in those regions.
There is no perfect approach, but there are a LOT of ways to do this poorly.
BNN is so wrong. You do not need immigrants for growth. Incentivize Canadians for large families. 4 children per family
They've tried that in lots of countries. It doesn't work. Money is one factor, but if mothers stay home with those kids, they aren't paying into cpp. Widow benefits aren't enough to survive on. That's just one of the calculations couples make when deciding to have children. I can give you a list.
We're dealing with one of the most educated populations on the planet. It's not so simple as post-war era to convince couples to have more kids.
@@runningfromabear8354So you're saying that our salvation is uneducated immigrants that will have children. Crazy logic.
@@foxtrotbravo1744most immigrants are highly educated
@@runningfromabear8354 If the money was given in the same amounts as given to refugees and immigrants, I am confident Canadians would consider larger families that would sustain our population. Handing out funds to refugees and immigrants that far exceed ordinary welfare or child support to canadian citizens, all the while inflating costs of living through poor policies is easily replaced. If we were helping young people with housing, child care, healthcare, education and job placement aid, rather than giving free room and board to non-Canadians, I am sure the demographics could be changed to a different skew. Money talks and bullshit walks. There is always a number that would make young people consider larger families. Its math.
I want to apologize for thinking small and writing last post. We are a resource rich vast country that could easily accommodate millions of immigrants. The lack of industry, commercial development, government over-regulation prevents Canada from enjoying a fantastic standard of living for citizens and immigrants. We are bigger than USA in size but 1/10th population and GDP. Trudeau government has crippled the economy and local governments think small with their developments. Bottom line .. I want every young and old Canadian to have it easier to have a great life as I have. I want them to do better than me regardless of politics, race, gender. It is sad to see how hard all Canadians young to old are struggling in a rich country like this. Hopefully it can change for the better.
why don't they show our quarterly FT job losses, private sector losses and PT work increases
Its not up for debate, Temp residents need to stop being Temporary and become former residents. Let kids and seniors have entry level type jobs.
Yeah right, funny guy. Try to be realistic.
@@rupasandhu6061 I'm not funny guy, I'm Canadian guy. What's going on right now is beyond realistic. The United States is taking in 1/10 of immigrants we are per capita. Does this sound realistic. No one is fooled right now about what is going on and what the motives are. The wheels of justice move slowly but they move.
Any forthcoming foreigners whether pr, students or skilled workers should not be allowed to bring their families anymore since its flooding our schools, healthcare, jobs, etc.
Canada is a second or third rate country so where people are really required will have to sweeten the deal .. try to get a Swiss doc to relocate lol as some dumb politician was musing in the Maritimes lol same with the unheard of colleges would have been laughed out back from Europe but found an audience in Pinjab lol to run their con !
I am a full stack developer recently graduated but there are no jobs for entry level nobody wants to hire and at the same time I am not even able to find job at a restaurant they just don't get back to me
Even the target for 5% is too high. Because that's on top of those that get permanent residency .
When people come to Canada and assist in the economic growth there's no problem. People coming to Canada should be first be fluent in English like it's their first language and second they should be coming to create jobs. Unemployment is a big problem in Canada and should reduce that problem first. We don't need too many people in the service sector but do need more people in the health care system. Canada can hold 10 million people in every region of Canada but from English speaking countries
The economic impacts of not reducing is worse. Youth have no employment. Healthcare will cost more as people won’t get timely care. We pay more than low wage TFWs pay in tax
Thanks Liberals. Thanks Boomers.
How come the government doesn't punish the people who work illegal in canada??? Where's the law?
Building houses doesnt bring production growth! we need resource and manufacturing to be increased and permitting reduced to increase growth of our nation. Then we can loo at increasing immigration after we can afford to pay for them.
Wages for average worker will go up. People will be paid better, more job opportunities.
More affordability.
Less inflation .
This is what will happen.
Labour supply is down. Jobs are down. Unemployment up. That's a demand problem.
The Case for Fairness: Student Visas and Permanent Residency in Canada
Canada is known for its welcoming attitude towards international students, who come to study and gain valuable skills. However, recent protests by some foreign students demanding permanent residency (PR) raise important questions about the purposes of study permits and immigration policies.
The primary intention of a student visa is to allow individuals to pursue education. While the experience gained in Canada can enhance future career prospects, it should not give rise to expectations of automatic residency. Granting PR based on educational status could undermine the integrity of Canada’s immigration system and set a precedent that might attract individuals solely interested in residency rather than education.
The government must uphold the rules governing student visas and immigration. Students are encouraged to focus on their studies and contribute positively to Canadian society during their time here. After their studies, it is fair that they return to their home countries, equipped with new knowledge and skills.
By maintaining a clear distinction between study permits and immigration pathways, the Canadian government can ensure that the system remains fair and just for all. It is essential to support international students while also encouraging respect for the legal frameworks in place.
what about the refugee ? Are they going to reduce or what send them back
I have an idea but I would like to hear others thoughts
Why can’t we have an immigration system that is based on ensuring we have a stable population.
E.g., a stable population needs 2.1 kids per woman. Therefore if in the year 2024 we had 1.8 kids per woman then we open the immigration for people to change that average from 1.8 to 2.1. Moreover the immigration must also be correlated to the number available housing, number of family doctors, number of students (all type of medicine) accepted to medical schools.
Also, say the number of new immigrants came up to 200k we then need to ensure that we only take 5% max from each country in the world to ensure proper diversity.
Ofc this is just a thought and can further improved but it seems like a topic conservatives, ndp, or liberals aren’t willing to ever consider. I get it the PPC have mentioned similar ideas but it would be hard for them to win the 2025 elections.
Temporary résidence (indian) yes please stop this invasion of india
It’s contributing to pollution because it is an unhygienic culture
We need new immigrants and workers but to hell with the once’s who are already here , I myself is a Canadian citizen who come to this country as permanent resident but I am tired of this nonsense
Increase in immigration caused all kindof chaos
Diversity is our strength.
The same way immigrants come to Canada, the same way Canadians immigrate to the US and Europe. Why not find ways to stem the outflow instead of complaining about the inflow.
All lies out of their mouths.
Canada’s out of control immigration is reducing GDP per capita and lowering everyone’s living standards! There are housing and healthcare crises, so it makes no sense to continue importing record numbers of people from India mainly. Canada is lost.
The best policy is unlimited Indians and taxing older Canadians house equity. Trudeau
TFW program needs to be cancelled. All the fast foods joints are now employed by TFW's and new immigrants have a hard time to find jobs. Foreign students should only be allowed to work on campus which the US has.
Impact is None
Rapid population growth has ruined this country, forget about the gdp numbers…. Can u find a doctor? A house? That’s the true measure here
And what about all the asylum seeker coming let and right?
Go ahead, immigrate 4 million new people, and the result is that you will have 4 million native Canadians leaving because they can't find a job to support themselves here.
Trudeau, no body wants you as our PM. Once you and your party leave from power, half of the problem what we are facing would be solved. We are sick of you. Not trusting either NDP at all. Hope Pollivere would understand the basic problems of all Canadians. Immigration is not bad but should have a limit. Here asylum seekers are complaining about missing an item from from their dinner table. Canadians are starving on road. We'll done Trudeau.
Shame Justin T . Resign
Unlimited international student and refugees
1 + 1 = 2 ! See math, something the stupidest Prime Minister can't do!
I have known many "students" who were here to launder money for there wealthy families.
Haii saar do you need new iFone cases??
Good luck with that. Why in this climate would businesses incorporate more risk? Tony's comment is all wishful thinking and fairy dust. Average home prices in my area in 2015, the start of Trudeau were $324,000. June 2024 they are $790,000. A major exit of Trudeau and his raving fans is in order.
get out
Deport Brampton