Posted in

An immigration system that’s lowering national wealth? Yes, the Liberals did that

It’s just math. And the result of the equation is a negative number.

Thanks to the Trudeau government’s policy of offering an effectively unlimited number of student visas and temporary foreign work permits, Canada’s population grew at a record pace last year – five-and-a-half times faster than the average developed country. One well-known consequence has been upward pressure on housing costs, particularly at the bottom of the market, in rental housing. A less-noticed outcome has been declining gross domestic product per capita.

Share