Canada’s mass immigration policy to revitalize the economy amid an aging population has yet to bear fruit. Compared to higher U.S. business investment and productivity, relying on immigration for economic growth has been to the country’s detriment, says a former Statistics Canada chief economic analyst.
“It is a clear fact that these very high rates of immigration have not given the economy a boost. … We cannot absorb this number of people that fast,” Philip Cross, senior fellow at the Macdonald-Laurier Institute, told The Epoch Times on Feb. 27.
Besides labour, capital and technology also contribute to economic growth, said Mr. Cross.
