Canadian immigration might be helpful in recovering from recession.
By Albert Smith | Wed, 03/25/2009 - 00:49
An important question at this time of recession is whether immigrants will help the recovery or not. What if it is said that Canadian immigration can be extremely beneficial in stimulating the recovery of the Canadian economy?
This is exactly what has been proved by towns such as Markham which has benefited from immigration since the last recession. The town saw an 80 percent growth after 1991 till the year 2006 when its population reached 261,000. In the process, it attracted major residential and commercial investments and saw immense development, which included multinational offices of the likes of IBM and Honda.
Frank Scarpitti, the mayor of the town, said that in a long run immigration will always result in prosperity. He said in a statement that the town has been blessed with diversity of the community and very skilled immigrants who possess huge experience from all over the world and have strong entrepreneurial spirit.
The director of the Joint Centre of Excellence for Research and Immigration and Settlement, Professor John Shields, also holds the belief that skilled migrants will always have a positive affect on the economy. He said that immigrants are open to taking risks, possessing high ambitions and quality skills. Immigrants prefer existing on the margins instead on being on the welfare, noted the professor.
Referring to the calls for reduction in the immigration numbers, Anne Golden, the president and chief executive of the Conference Board of Canada, said that reactive decisions will be senseless and said that she expects the economy to start recovering in 2010.
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