The primary objective of Canada’s economic-class immigration programs is to leverage immigration policy to boost the economic well-being of Canadians. To do that, we need immigration inflows to raise GDP per capita, not simply increase the population.
COVID-19 travel restrictions hobbled Canada’s immigrant admissions in 2020. In response last fall, the federal government revised its 2021 targets upwards, saying it was necessary for our economic recovery.
Showing its commitment to the ambitious target, on February 13 the government issued invitations to a record-breaking 27,332 applicants in its Canadian Experience Class (CEC) program, which targets applicants with Canadian work experience, and are therefore more likely to be living in Canada.
But to issue so many invitations, it was forced to drop its Comprehensive Ranking System cut-off score in its Express Entry system to an all-time low of 75, far below the previous record of 413. This strategy is analogous to a university doing away with entry standards to significantly boost enrolment. If history is an indicator, there is good reason for concern.
Chosen excerpts by Job Market Monitor. Read the whole story @ Intelligence Memos: Mahboubi, Skuterud – An Economic Reality Check on Canadian Immigration (Part I) | Research Institute Canada | Canada Economy News | Canadian Government Policy