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Factors to Consider When Adjusting Immigration Numbers During a Recession

As Canada grapples with a recession and an overloaded healthcare system, we sought insights from three experienced CEOs on whether the country should reduce the numbers. Their perspectives range from advocating for a pause amidst healthcare strain to leveraging immigration for tech industry growth. Dive into their expert opinions to gain a broader understanding of this complex issue.

  • Advocate for a Pause Amidst Healthcare Strain
  • Preserve for Economic Prosperity
  • Leverage for Tech Industry Growth

Advocate for Immigrant Pause Amidst Healthcare Strain

Axel Hernborg, Founder and CEO, Tripplo

Axel Hernborg, Founder and CEO, Tripplo

According to the BBC, under the proposed plan, Canada would welcome four times more permanent residents annually than the United States, and eight times more than the United Kingdom per population.

However, most immigrants settle in Toronto and Vancouver, which are already overcrowded, experiencing a housing shortage, and dealing with rapidly developing healthcare issues. Everyone needs healthcare, and more Canadians are waiting long for appointments, tests, and elective surgeries and procedures.

Emergency departments are overflowing, and many do not have a family doctor. By comparison, only one in five people in British Columbia, according to the advocacy group BC Health Care Matters, has a family physician.

Canadians who are furious about the state of their healthcare system ought to be protesting in Ottawa, calling for an end to mass movement until services can recover and expand to accommodate current demands.

Preserve immigrants for Economic Prosperity

Samantha Odo, Real Estate Sales Representative and Montreal Division Manager, Precondo

Samantha Odo talks about Immigration

When it comes to reducing the numbers in Canada, it’s a bit of a tricky situation. It has been a driving force behind our country’s economic growth. Newcomers bring in fresh talent, diverse perspectives, and contribute significantly to various industries.

Restricting it might provide a short-term solution, but in the long run, it could stifle economic recovery. As a real estate professional, I’ve seen firsthand how a vibrant and growing population impacts the housing market positively. The demand for housing remains high, and immigrants often play a crucial role in sustaining that demand.

Many experts believe that a knee-jerk reaction to economic challenges may do more harm than good. It’s a delicate balance between addressing immediate concerns and ensuring long-term prosperity.

For Tech Industry Growth

Abid Salahi, Co-Founder and CEO, FinlyWealth

Abid Salahi, Co-Founder and CEO, FinlyWealth

As a CEO deeply involved in every side of the tech industry, I’m versed in overcoming challenges like healthcare strains.The tapestry of talent, skills, and insight brought in by immigrants is vital to our industry’s growth and innovation.

They provide us with a global edge. Rather than diminishing our openness to diverse minds, expressions, and abilities, we should strengthen and streamline our systems to face these constraints head-on.

  1. This article really shed light on the diverse perspectives surrounding immigration during a recession. It’s like having a conversation with these CEOs over coffee, each sharing their unique insights. Kudos to the writer for breaking down this complex issue in such an approachable way!

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