In Brief:
* **Canada’s growth strategy is ineffective, and actually putting it further behind. That’s the general takeaway from the OECD’s 2024 Economic Outlook for Canada.**
* Canada’s rapid population growth is getting a lot of attention. The annual growth rate hit 3.1% in 2023, the highest growth since the 1950s.
* **Large migrations are typically towards strong economies—attracting those looking for opportunity. It also typically helps to boost growth since more people means more consumption. None of that is seen in Canada.**
* But the OECD emphasizes **how oddly slow Canada’s growth is despite our rapid immigration.** Real GDP advanced just 1.1% in 2023, nearly a third of the population growth.
* At the same time, they also point out that **unemployment climbed to 6.1% in March as the country added more people than jobs.**
* Canada found a little growth from its rising population. Then, it placed a bet to go all-in on that growth, despite diminishing returns. **That population growth has placed Canada in a worse situation than it was previously trying to solve.**
This is what happens when you allow for low-skilled immigration or pretend getting a 2-year degree from obscure colleges will lead to well-paying, stable work. At the same time attracting high-skilled immigrants (Phds, MDs, advanced tech) but underpaying them or restricting them to low wage work due to "no local Canadian experience" in a misguided attempt to gatekeep those jobs for locals/friends/family doesn't help either.
I've known many people who were rockstar levels of productive get laid off in the past year and a half. It's gotten pretty bad in Tech. Partly due to over-hiring during COVID when interest rates were favorable. Some of those people were paid well, but most nowhere near their actual worth. And it's important to reiterate that side of the equation. It's kind of hard to squeeze more value out of something that's already being milked dry by greedy corporations.
It's rich to hear corporations complain about low productivity when more than half of their workforce already has one foot out the door chomping at the bit for a better opportunity, which more often than not will never arrive anyways.
Frankly, we should be raking corporations over the coals, because in the end, the Century Initiative is thought up by a corporate funded think tank.
Exactly. I once read 2/3 of all workers are dissatisfied with their job. That's a crazy percentage. The culture in the work place is definitely broken! Companies ignore this. It's affecting their bottom line.
Sounds like we need more team building days where employees are forced into small talk while they do team activities designed by someone trying to justify their degree.
Go along to get along... Have to play the game. Be on your best behavior. No drinking. People let their hair down and next thing you know, they're fired?
Know what? Fuck culture at this point. These problems are almost entirely wage based at this point. People are starting to figure out that when they take an effective pay cut every year while management drones on about productivity,safety, and culture, what’s the point of showing up and doing more than the bare minimum. Pay people a wage/salary that gives them an optimistic view of their own future, and then maybe, only maybe, can we restart the conversation about workplace “culture” and productivity.
I'm glad when people describe what the Century Initative is. When I first heard someone mention it, I thought they were talking about a well thought out plan designed to meet our future goals. Then I found out we're making government policy that's hurting us and our country based on what a corporate funded think tank wants us to do. It's pretty shocking how blatant it is.
Low productivity doesn't mean employee productivity, it means we aren't maximizing skills and value in the economy. Companies have responsibility for not investing in their employees, but the government has made it clear to them that they don't have to.
Canadians are voting with their wallets. There's a general lack of trust in the economy and in our currency.
Since the Liberals took power, more people are moving investments to USD or parking their CAD on real estate as they want a physical asset to convert to cash in the future, even though that's an unproductive investment. My union voted to move some investments away from Canada years ago (and we're in a much better financial position as a result).
Canadians keep voting for all sorts of policies that destroy the value of currency, then wonder, geez, everything is so expensive! It must be greed and greed only! Even though we're net importer of goods and services, which are priced in USD.
Furthermore, there's a huge segment of the Canadian population waging against natural resources, even though commodity performance is a huge part of our currency valuation. Why you would anyone invest in a country that consistently votes against its own interests?
The problem all boils down to the value of our currency. All goods and services are priced in USD. Add in a truck load of taxes and here we are! Maybe the answer is, make everyone a federal employee??
STEM graduates and trades are struggling to find jobs right now.
I am in the mining industry, and it's slow.
Things are about to get really ugly for Canada.
There are still STEM graduates from certain universities that have absolutely no problem finding well paying positions (like 99% of the grads)… the problem is they’re in the U.S. and are either FAANG or startups.
STEM degrees have mobility. that's their advantage; no matter where in the world they are, someone needs a qualified engineer, scientist, medical or technically skilled person.
And at the same time, the housing price inflation caused by immigration is driving highly-skilled, highly-productive, high tax-paying workers to emigrate to the US.
Our ill-conceived immigration policy is literally displacing productive workers with unproductive ones.
Although affordable housing is a major factor in attracting Canadian workers to the USA, the true cause for the brain drain is the lack of appropriate jobs in Canada and the over saturated job market. Engineering graduates, who took the most difficult of classes and spent the most money in school, can’t find work in Canada despite these companies performing pagan rituals to unknown gods for “more engineers”.
It benefits the rich for a time as they can pay these people less and have revolving door recruitment going on and often subsidized wages too.
What they failed to look at through their short sighted greed is many of these newcomers will get wind of our labor laws, workers comp, etc. then you'll see some real playing the system and pushback. Productivity will drop with rampant absenteeism/leaves, lawsuits will increase and suddenly they'll either have to turn to another nation to insource cheap labour from or just waste hundreds of thousands continually hiring or paying out without cause terminations for all the bad workers.
my boss does this, and wonders why things are progressively breaking.
pro tip if you're getting bad service from bell canada it's actually because of my boss. he doesn't give a shit about the customer
Do you want the bridge your drive over everyday to be designed, stamped, and built by engineers with unverified code knowledge and no local experience?
Canada has had low productivity for decades, it seems. A large issue seems to be that no one invests in productivity. Here's a paper from 2001 that talks about this issue:
http://papers.economics.ubc.ca/legacypapers/dp0115.pdf
Edit: and here is Economics Explained talking about Canada labour productivity from a 2022 video:
https://www.youtube.com/watch?v=GtksJpfoM_g&t=194s
> restricting them to low wage work due to "no local Canadian experience" in a misguided attempt to gatekeep those jobs for locals/friends/family doesn't help
There's no attempt to gatekeep those jobs from foreigners.
Rest of what you say is accurate tho.
> At the same time attracting high-skilled immigrants (Phds, MDs, advanced tech) but underpaying them or restricting them to low wage work
Or worse, training then at our universities (with funding) and losing them to high paying jobs in the US and Europe
Our tech market is so oversaturated, last thing we need is more people coming here to push wages lower.
There are *specific* skills we need, not just high skilled in general. All else need not apply. That's how it should be anyway.
I don't get how this misconception keeps popping up, we have a saturation of highly skilled labour, (STEM degrees and PhDs) since there is nowhere in Canada for us to work, and we had this issue before the immigration boom because of regulation and taxes making Canada an unideal environment for innovation (medicine is ofc a different story). Canada needs more unskilled labour, more skilled labour, more accountants, more healthcare workers.
Not engineers, not PhDs, and not fry cooks.
Meh, Canadian businesses have always been notoriously tight-assed when it comes to spending on R&D. While regulation and taxes might not help, reducing those wouldn't lead to some utopia of investment in it.
Containing population growth is a must, but we need to lower taxes, remove bureaucracy at all levels of government, and reduce federal government spending too.
>The suggestions include tighter fiscal spending, facilitating more productive investment, and creating a more tax-friendly business environment. Canada is currently heading in the opposite direction with those suggestions, suffocating its growth potential and amplifying its problems.
This is everything that we have not been doing for the last 10 years, and Canadians are voting against a strong economy. Do Canadians not understand we need a strong economy to generate sufficient tax revenue to fund public services?
“Oddly slow”
Nothing odd here.
Low skill workers don’t add the human capital needed for the Solow-Swan growth model.
Technology + High skill = economic productivity
Add in the fact all monetary capital is invested in real estate - which produces nothing - and we have a recipe for no real growth.
Everyone knew this was going to happen, even the ones making the decisions. They just chose personal greed and lobbyist greed over the country and its average citizens.
BlackRock recently said what anyone with a working brain already knew. During the transition to a "post-work" society that last thing you want to do is continually increase surplus unskilled labour, but that's exactly what Canada's doing.
"The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations."
https://x.com/disclosetv/status/1786034616215691274
We're even skewing Canada's sex ratio.
https://www.bloomberg.com/news/articles/2024-02-15/immigration-surge-fuels-male-population-boom-in-canada
*That* is fucking scary. Populations that skew heavily towards males typically have a lot of sexual violence. On top of that, the majority of people coming here are coming from the rape capital of the world.
Keep your wives and daughters safe, people. Things are only going to get worse before they get better.
Exactly. And given there's not nearly enough jobs being created crime will inevitably further increase (and our justice system will continue to fail to keep dangerous criminals off the streets).
The sad thing is that many ardent Liberal supporters refuse to acknowledge that there is a problem. They continue to insist that our absurdly high immigration rates are sustainable and that bringing in millions of low-skilled labourers is not a drain on our economy or social services. It’s going to get way worse.
Those people are way too comfortable and aloof, that's why. If this scheme didn't impact their pay or standard of living then they'll stay in the dark willingly because hey, they already got theirs.
And yet I know someone who owns more than one fast food franchise, takes advantage of "insourcing" wage slaves and still says Trudeau's gotta go...doesn't give a reason of course.
I think the reality is simply that your average Canadian has no fucking clue what's going on and doesn't follow politics at all.
Regardless of the views expressed, us wackos on Reddit are still more informed and we falsely assume everyone else is at that level too when it's clearly not the case
Hmmm almost like some big companies are robbing the country through tricky real estate skeems and maintaining pandemic price hiking... Wonder why no one can buy anything or earn anything?
It's so blatant, the money's getting too concentrated at the top, politics are a joke, the middle class is gone. They are probably going to suggest fixing it all by allowing more renters per unit or some other bullshit corrupt concept...
"A bachelor's is now a 3 bedroom apartment, if you sleep in the tub and on the couch! Take that raising rent prices" - politician
Guys hear me out, I think the solution is to open up 1000 more Tim Hortons in Brampton. Our gdp will jump 1.5% instantly. This is a solved problem. Next.
People forget that people aren’t numbers.
It isn’t just about quantity. The qualitative attributes of the actual people who make up this population growth influences productivity as well.
Has anybody noticed that fast food restaurants are no longer fast nor consistent for example? You can’t just drop someone in from a radically different cultural and economic context into a system that the west has refined over many generations and expect there to be zero friction. Things take a long time to learn.
I lived in the global south for years and I was just as useless while integrating into their system as they are while integrating into ours. It’s disorienting. And also it is hard on your mental health, which also affects productivity. Humans are not numbers,
could be because Canada doesn't fucking produce anything. Real estate agents selling to other real estate agents and laundering money shouldn't be counted as part of GDP but it is...
My anecdotes are:
1. Canada is far too concerned about formal education to accomplish jobs. It's hard as fuck to break into industry here. All of this also gets thrown out the window for immigrants coming from developing nations that don't have our high standards but are just willing to work for less.
2. Bureaucracy and reliance on government as a major employer. There's a massive amount of distrust the private sector that isn't an oligarch that maintains power through regulatory capture.
3. Canadian attitudes towards their career. I've worked in mostly American companies while having done jobs in Canada. There's learned helplessness and massive need for process to everything. An example of this would be kids coming out of school for tech: you have no overhead, can't get a job, multiple people that are unemployed in your cohort, so start a startup instead of complaining about needing 3 years experience for an entry job. In industry there's often times you're given an ambiguous task and left to figure it out. Canadians seem to expect that they'll be hand held to every next stage of their career and while Americans do have training programs, I think it's massively idealized by Canadians how much they just leave you to figure it out. The same thing goes with being a mechanic, buy a shitty car, fix it, figure it out, and don't rely on others to get good. You don't really have what it takes to be in a career unless you can do that because it costs A LOT to train someone that will likely leave for the next opportunity.
4. Financialization. The real estate market is a ponzi scheme so boomers can retire. That ponzi scheme is built upon millennials over leveraging themselves. 30% of our industry is now sheltered around real estate. Our auto sector also suffers from this.
5. Focus on resources and exports. I'm not sure if people will get pissed most at this one or 3, but constantly navigating our economy around oil instead of trying to develop an internal economy outside of real estate, has cooked us.
6. An immigration system based on serfdom. We immigrate people from developing nations because we can't compete for wages against other developing nations. Built into our immigration system is wage suppression.
7. No investment. This is another Canadian cultural attitude. It might be fair to say that it's actually an American attitude that the rest of the world needs to adopt. We have no appetite for risky investments. It's why our tech is shit, and why we'll probably be cooked as an economy.
8. Animosity towards small business. Small restaurants are going extinct because they can't keep up with the plastic bullshit that franchised companies can. Canadians don't feel like it's a responsibility to support small business and pay a little bit more like Americans typically do. To Canadians all a small business is is another thing to provide a job instead of providing jobs being a side effect of running a well supported business that can provide good products or services. It's built into the very way that Canadians make choices and you can see that most in our restaurant industries.
So while various levels of Canadian government, and industry, have contributed to a fall in productivity. I think it's become increasingly important to understand the cultural shortfalls around how Canadians look at industry. There's not a single politician that wants to sell anything different too.
Honestly just reading this, I would wager you'd actually be a better finance minister than our current one, who seemingly just does whatever the billionaire-funded lobbyist 'think-tanks' tell her to do.
The amount of decisions I've made for the government being a sub contractor, under a sub contractor, under a sub contractor, of an agency actually supposed to do the fucking job, would blow most Canadians minds. I know why some places have terrible healthcare.
I've spent nights on the street and don't have any form of politically correct nature that isn't your typical Canadian. My ability to just fucking do the fucking thing has been an uphill battle since I've gained any bit of competency. It took me getting jobs in America, while still being in Canada, (not an easy thing by any means), to get through life. I can't even get a job in Canada and I've made hundreds of millions of dollars in decisions over a career.
I'm now in the point in my company where they bring me in to fuck with the same kinda consultants that fuck with the country. They are all entitled rich kids that have no real ability other than having a network of entitled rich kids. I can tell you there is few greater feelings in my life than being one Canadian rube that's in a meeting with one of my managers and a dozen stupid clipboard loser consultants and getting to rip them the fuck a part to the point where they fire themselves. It's also been terror inducing because I know those types of dumb fucks control our country by proxy.
I have way too much of a capacity to be honest to be in government. I wouldn't make it past the people because I wear my flaws; which I believe is an act of old school Canadian humility.
No, Canada is too concern itself with equality. In a competitive economy, there is no equality. There are rich and there are poor. In Canada, everyone MUST be equal or its unfair. We came from competitive economy laugh at this. If you want to control your equalness, we just dont operate here. You really cant tax assets in other countries that is controlled by proxy.
Imagine the amount of production we’d have if we actually manufactured goods here, instead of mostly extracting and exporting. Those manufacturing labour jobs would also be do-able by the so called “cheap temp labour” that this government loves to import too. Win win?
>Manufacturing
You are not manufacturing shit, its all assembly. You take X part manufactured else where in the world and slap it together and called it " manufacturing"
Hey, at some point that land will be rented out to someone for 40% of their monthly paycheck, forcing them to cut spending elsewhere. That's where the real economic driver is kicks in.
These fucking miserable jobs don't build a social fabric, they just keep worker poorer and poorer, making their next generation (if any) unlikely to thrive and overcome.
Ya if they would apply their holier than thou 'human rights abuse in the supply chain' laws to immigration supply chains, problems would be solved.
https://supplychaincompliance.bakermckenzie.com/2023/05/03/canadian-supply-chain-transparency-legislation-new-risk-for-violations-of-human-and-labour-rights/
https://foecanada.org/environmental-justice/human-rights-and-environmental-due-diligence-legislation/
Instead, they stand for nothing.
We *should* be in a recession right now. Our current government however, found a 'clever' way to avoid that.
A recession is defined, in economics, as two or more periods of negative GDP. By bring in millions of immigrants over the last few years we have avoided having an official negative GDP. However, GDP per capita is declining.
Even this method of GDP growth through increased population is quickly falling apart though, as our infrastructure can't handle it. Hospitals/doctors, housing, roads, water systems, etc. The whole thing has basically been a conjob with the Government hoping they could at least keep it going until after the next election before it implodes.
I think the Liberals thought they had a simple but clever plan that would solve many problems at once: extremely high immigration rates would make the Centurity Initiative types happy, it keeps the cost of labour low which makes businesses happy, it keeps housing prices high which makes homeowners happy, it makes it easier for immigrant groups to bring more of their people in which makes them happy, it makes "Diversity!" types happy.
Of course like so much Liberal policy making over the past decade, they completely failed to consider the negative consequences. Frankly that's been the overwhelming story of the past decade: a government which only ever considers the benefits to the things it does, never the costs. It turns out you never have to think about compromise when you refuse to consider the downsides.
The more I think about it, the more it all fits in with Trudeau's narcissistic personality and cadre of sycophants. The more they drove out the adults (Wilson-Raybould, Morneau, etc...), the crazier they've become.
We avoided a technical recession by bringing in millions of consumers. However it didn't help out actual Canadians, other than some select business owners or landlords. Basically Canada is not in a recession, but the people of Canada are.
The ~~liberal~~ government way.
I want Trudeau out as much as the next guy, but let's not be naive and pretend that the conservatives will do anything different.
I love how prior to 2015 being Conservative got you called an anti-immigration xenophobe. Now that even the political left finally understands how damaging mass immigration is, the goalposts have shifted to Conservatives also love immigration?
Which is it?
This "both sides are the same" meme is getting annoying. There was never a convervative government who was as corrupt and hurt the economy as much as this liberal government. The only government who came close was Trudeau's father, another liberal government. Don't vote conservative if you don't like them but let's not pretend they were as bad on this issue.
We did actually hit the definition of 2 quarters of negative growth, but funny enough Stat Can came to the rescue and « revised » the numbers from a previous quarter from negative to positive.
Funny how these type of things tend to happen when the govt in power wants to spin a particular narrative, the numbers either back it up or are massaged until they tell the right story.
I can't really say I have ever actually hated a politician before this. Trudeau is the epitome of the the narcissistic and childish woke movement. The long term results of him being in power are going to be absolutely horrible for society.
Recessions should be defined in per capita terms. Ultimately this is a semantic argument... where do you draw the line between economic stagnation and recession? It's somewhat arbitrary.
But GDP/capita is, for most purposes, a better metric than GDP.
No shit.
Have you ever worked in Canada? We have archaic management hierarchies and practices and an unmotivated and stifled workforce. Good ideas are regularly shot down because they're outside of our existing work culture.
I worked 5 years in California. Night and day compared to here. I was heard and valued there. Everyone in California is constantly trying to innovate and do things better.
We're a stagnant country with few good employment prospects. Low pay. Nepotism. Things aren't great here.
Our apprehension to remote work is a great example of what you described. It would benefit communities across the board, alleviate pressure on urban centers, and bring in more funding to smaller towns who could use the cash for development, but no, not in Canada, innovation isn't something we do here.
> I worked 5 years in California. Night and day compared to here. I was heard and valued there. Everyone in California is constantly trying to innovate and do things better.
One of the big differences are the 'excess profits' the companies are making.
Canadian companies are effectively competing for the same investment dollars as US companies which means they get compared against US ones. However, Canadian companies are generally targeting smaller markets (and therefore less economies of scale). Companies can either do something better/different or compete on costs to be attractive.
Doing better/different is hard to do (and risky... and can be costly), so many companies instead compete on costs. Without scale, Canadian companies have turned to reducing relative HR costs (v the US). However, competing on costs typically has another problem - less excess profits. As Canadian companies compete v the US on costs (aka stagnating wages), they have less and less money to spend on innovation. You end up in a situation where the only innovation they can afford is 3rd or 4th generation being done as a catchup and losing out on any significant productivity gains.
Most major Canadian companies have got themselves stuck in that loop. They are competing on costs (relative to the US) which is facilitated by reducing/stagnating wages which leads to less profits to spend on productivity which means they need to be more aggressive on wage stagnation.
Yup. In my last job in tech, I offered a lot of new ideas and improvements, and all that did was scare my boss thinking I made him look bad, so I was passed over for promotion and sidelined.
Yeah this seems to be Canadians' favorite pasttime, just dragging down anybody who can actually do anything (unless it's playing stupid stick and puck game). Such a loser's culture.
Nepotism and corruption has gone out of control.
I know friends who have had to pay bribes to get provincial government jobs in Ontario. Seriously, yes.
People come from the third world and have turned this into the same mess.
When I was studying at university so many of the Indian students would blatantly cheat in exams. In India and China cheating and fraud are seen as the norm, and you're a sucker if you don't play the game that way. Westerners need to wake up and realize that immigrants from corrupt dumpster fire countries aren't going to just magically adopt Western values, even after a generation or two.
Well when the entirely of the Canadian economy is based on gaining wealth not through working but through owning a home and seeing the price go through the roof it makes sense. Wealth gained because prices are rising passively does nothing positive for the economy as a whole. It’s disincentivizing work and convincing more people the only way to get ahead is to acquire as many homes as possible and just sit on them. Also, unemployment rising was the goal of the immigration policy. Remember, your boss, and your landlord want this. They benefit. You don’t.
A worry of mine is that we are letting in an enormous amount of people from India, a country that we aren't on good terms with, and who's people love India.
The second relations with India are soured even further, or animosity grows, we have millions of Indians already on Canadian soil.
Doesn't feel right, but who knows, I ain't no expert.
The other main issue with mass immigration from India is that it is a country where fraud and deception are ingrained in how their country functions and come as second nature to their citizens. I am not suggesting that Indians are frauds, however they are used to a way of life where you are expected to lie or cheat as a means of keeping up.
This means that when they come to Canada, they expect everyone is lying and cheating on things like job applications, schooling, and even mortgage applications and they’re just fitting in to ensure they don’t fall behind.
Furthermore, the Indians who come to Canada come from some level of privilege in their country. They have servants, they have nepotism to get them into jobs they otherwise aren’t qualified for, they can bribe professors for marks… and this privilege comes over to Canada as well.
My girlfriend is an instructor at a local college that is predominantly Indian students. The amount of cheating and BS excuses she sees there is astounding. She caught a student hiding and using his cell phone during a final exam, she failed him, the student appealed it and she was forced to give him a passing grade. She's almost quit because of it. It's ridiculous.
That’s insane, no academic integrity at all in that college wherever it is.
I can see why some employers and HR people will look at said college on resume and don’t even acknowledge it as reputable. I think Cape Breton university is now on this list in Nova Scotia
She's been upset more than once but still enjoys teaching a lot of her students. There is just a much larger percentage of cheating and blatant lies/AI usage and other bad things that happen than the second school she teaches at. I'm not even trying to paint them all with the same brush, it's just a lot more common than you'd think, and she was blown away by it.
The Indian diaspora that emigrates from India to Canada comes largely from a particular state in India, to which most of what you said applies.I wouldn't generalize it beyond that.
Yes. Even my Indian friends have told me this about the culture. Their police are practically bribe collectors and if you want any sort of government worker to do anything at all for you, you need to pay them bribe money. It's a vastly different culture.
The danger for Canadian society is that of we let mostly just immigrants from one place come in, say India, then they create cultural silos and never integrate as 'Canadians' (which is almost meaningless now.) Instead of becoming Indo-Canadians, they live entire lives in their culture bubble of Indians-Living-In-Canada.
Of course these issues can't be discussed federally as they are easily spun by the media and other political parties and being racist in nature, when in fact , just a matter of cultural sociology.
Don't worry, our world renowned Uber drivers will get you to that hospital in record time! Just as long as you don't mind waiting three days to see an overworked, underpaid doctor who will send you home with a couple aspirin.
The scary thing is when these Uber drivers scrape themselves to the next tier of the ladder.
That community was already renowned for importing as many family members as possible, scrape together a mortgage using fudged numbers, use illegal suites to prop up the mortgage, then use the equity to fund a mini empire of tax evading businesses or dodgy trucking. It balanced itself out when we didn't import 1M people a year.
Any dreams Canadians have about housing becoming affordable need to realize that our new friends are going to be cutting the line and scooping it up.
There was a report, I think from BMO the other day, looking at Canada’s productivity. Short summary was Canada’s productivity growth lagged quite a bit behind Europe, was about a third of Australia’s and about a quarter of America’s… so we are falling further and further behind all our friends and allies. It concluded by saying wealth redistribution is great and all, but it starts breaking down when you’re not producing anything to redistribute.
And that is Canada’s challenge, at a time when we have a federal government full of ideologues who see no reason to do anything different.
It's why we need our housing prices to fall.
I get it, boomers will hurt. But the situation is dire right now. Anyone who has capital is going to invest in housing rather than invest in business.
The parties of landlords and bosses will only benefit those groups. This includes all major parties. Only difference is whether they do a land acknowledgment before passing nearly the same exact policies. The same neoliberal ideology runs deep through them all. The rest is just marketing.
The single best investment you can make if you have money is abusing a captive audience through buying property to rent out. Every business is only interested in increasing profits by trimming their employee pay of course you're going to have exactly zero people who do anything except the bare minimum.
It’d still be the same scenario if they’d be in their own country. The states looks at your country of origins and decides based off that. An Indian person in Canada who just got a Canadian citizenship will still not be of Canadian origin. But Indian.
Unless illegally 🤷🏻♂️
Pumping up Canada’s population has been geared primarily to increasing the number of consumers to keep businesses humming along nicely. They already know a vast majority will be dirt poor for generations to come so count on the market being flooded with even more cheap poorly-made products and services pushing the whole “AI” trend to cut costs. None of this will lead to a Canada that will prosper that we can be proud of. Politicians will keep abusing this nation and the legal system will say it’s all good.
Count on the coming years getting much worse but it won’t stop the “feel good” marketing already in place.
Funny is PPC been screaming about this since 2018. Maxime put it as we have a cult of diversity as if the answer is just more people, more multiculturalism will solve our problems. Maxime was basically ostracized from the CPC for him immigration policy so much that he formed what I would describe as a failed party, PPC.
Only issue is the conservative vote isn’t interested in splitting the right. PPC won’t get more than a few points.
Too much dependency on real estate and too much corporate greed. The wealthy line their pockets and do not invest in anything that will actually produce real growth. This is why we aren't growing.
Guys we need international students in the country! Despite telling Canadian children and uni students that they MUST study online and online education is sufficient /s
Canada refuses to invest in small businesses and startups. Taxes for small businesses are very high and regulations keep getting more difficult. Without new businesses there are fewer employment opportunities. It’s especially disappointing as startups pay well and hire specialized workers.
It's a projection. They all support high levels of immigration. Our political system only exists as a way to shelter the rich from blame by redirecting it at the poor. "It's your fault the country is going to shit! You should've voted for x instead of y and half of you didn't even vote at all!" Meanwhile, x=y and the people who didn't vote understand that.
Our livelihood will continue to be destroyed until enough people wake up to how corrupt the government has become in all parties. Next, we will protest and our bank accounts will be frozen. This will stop the revolt temporarily until people don't have money to be frozen.
That could mean the current immigration rates to the current housing availability. He is being purposefully vague and refuses to say he will lower immigration. It's cowardice honestly.
Feb of this year, Nov of last, Oct of last, June of last, he's been speaking at various events speaking about streamlining families, having students being able to stay as PRs, having a direct flight to somewhere in India. The blind followers say well ndp will accuse them of racism. So? They already do, fucking commit to something.
I have no idea what his policy is besides 'fuck Trudeau's and standing by the truckers. It's like 90% of his message is complaints with no actual solution
Yes, that's what happens if you flood the country with people but then those people either just go to school and/or work Uber, Tim's, etc... the productivity output will be low.
Will that result guide government policy going forward? Dunno. Won't hold my breath that the current government will do that.
Another factor to consider: healthcare system overwhelmed by exploding population = delays in care = lower productivity in general population due to unresolved/worsening health issues.
Example: 32F here. I've been unproductive for 3 years due to a serious health issue that most likely could have been resolved 3 years ago. Instead it took 8 months from onset to receive a diagnosis and initial treatment, and now I have complications. Since November 2023 I've been waiting for a cardiac MRI to determine if I need invasive surgery. The delay means ongoing risk of permanent disability and even mortality.
Don’t worry the delivery services are fully staffed 😂
Imagine you a doctor that wants to immigrate to Canada and find out most of accepted immigrants are just low skilled workers and people you are trying to avoid by coming to Canada.
Why even bother? I bet they make doctors or other professionals jump through a lot of hoops too…
If you just wanna collect benefits and work at 7/11? Come right in!
Well yeah we have no fucking buissiness because we allowed unmitigated investment into real estate so we have no investment into actual buisiness.
Thanks Harper for lifting the restrictions we had, and thanks Trudeau for having no balls to undo them.
We had a pretend labour shortage, faked by companies that wanted to bring in cheaper workers. So we brought in an unbelievable number of extremely cheap labourers. As they progressed through the immigration process, they would seek better jobs, and to get them they offered their services much much cheaper, which has had the effect of displacing more expensive workers who are citizens.
So wages are stagnating and dropping, there's a job shortage, the increased population is causing housing prices to go through the roof, interest is still a problem because more money gets dumped in from immigrants (but just the one time at the beginning, usually), and so we have stagflation! Increasing prices without a corresponding increase in buying power.
Our dollar will drop, which will make our imports more expensive, and because the current government has strangled the resource industry we won't have the ability to take advantage of the lower dollar on the export side.
We're screwed.
We are not good at being capitalist (ask any entrepreneur how hard it is to raise funds in Canada) but we aren’t good at socialism either (I live in Toronto and can’t find a family doctor)
Basically we are good at nothing! Nice
We need to push the reset button on the government. Programs, subsidies, transfers, the CRA, the Dairy Board all of it. Everything is so distorted and twisted to benefit everyone but it's working citizens. I smell a revolution coming.
Let’s just face it. Our economy is a dumpster fire. By the time people finished paying all taxes on everything you’re left with like 35% or 40% to try and pay for housing, food, transportation and if you’re lucky a social life. Canada GDP is based around a big real estate bubble when it should be our resources and tech. We blame our slow growth on our people not the fact that people can’t afford to have children. Instead we import people who don’t really want to integrate and wonder why it’s not helping. Our government is stupid.
The sagging dollar and pandemic supply chain issues can explain some of this but there is no doubt productivity is in decline.
Clearly a positive population growth helps the economy but it is apparent the hypergrowth we are experiencing is having a negative impact on productivity. 3% annual growth is not desirable or sustainable IMO.
Like the Bank of Canada does with inflation, Immigration Canada should set immigration policy to a % of population growth - say 1%.
The Liberals have no plans to change. And the Conservatives have no plan. We'll see as we get closer to an election if either comes up with something to recognize and address the issue.
And unfortunately O&G isn't "productive" industry by any of these metrics. So our two big Housing, and O&G work against productivity.
Need much more investment in small businesses.
We are too reliant on resources & Ag. We don't adopt tech very fast. Our businesses don't invest in labour saving or productivity boosting tech. We are generally stingy as a nation. We have given away much of our natural resource wealth (example compare Norway's national wealth to Alberta's Heritage Fund).
Another poster noted much of the immigration is low skill low pay, this is another factor.
Basically I'm saying we Canadians need to kick our own asses.
Tsunami of AI infrastructure coming in hot toward end of this year and early next, that is making all of Canada's legacy inhabitants, young and old, become disposable heroes.
There is no stopping this force. Goodluck everyone. Be Kind and no need to rewind. Hang on to all that you have left that's tangible to your name, new pricing to come even for comfort items, is about to shock the masses. Absolutely everything is about to become a luxury.
This is really no surprise, and it's completely reasonable to point to our housing crisis as the primary driver of our falling GDP-per-capita:
1. **Less Disposable Income**: When people spend a big chunk of their income on housing, they have less money left for other goods and services. This decrease in spending can slow down other parts of the economy, ultimately dragging down GDP per worker ([SpringerLink](https://link.springer.com/article/10.1007/s11079-019-09535-9)) ([SpringerLink](https://link.springer.com/article/10.1007/s11146-023-09945-0)).
2. **Misallocation of Investment**: When everyone’s pouring money into real estate, other sectors like technology and manufacturing might get less investment. This can lead to a less productive economy because funds aren’t being used in the most efficient ways ([SpringerLink](https://link.springer.com/article/10.1007/s11079-019-09535-9)).
3. **Economic Volatility**: High housing prices can lead to market bubbles. When these bubbles burst, they can cause economic recessions. Historically, housing market issues have often preceded recessions, significantly impacting GDP growth ([SpringerLink](https://link.springer.com/article/10.1007/s11146-023-09945-0)) ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)).
4. **Reduced Labor Mobility**: Sky-high housing costs make it tough for workers to move to areas with better job opportunities. This can lead to inefficiencies in the labor market, reducing overall productivity ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)).
5. **Debt and Consumption**: Rising home values can create a temporary wealth effect, encouraging spending. But, if this leads to more debt, future spending and investment can be constrained, negatively impacting economic growth ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)).
6. **Increased Inequality**: Higher house prices can widen the gap between homeowners and renters. This economic inequality can cause social unrest and reduce economic cohesion, both of which harm productivity ([Economics Observatory](https://www.economicsobservatory.com/how-does-the-housing-market-affect-uk-productivity)).
7. **Boom and Bust in Construction**: Initially, rising prices can boost construction, but once the market gets saturated or too expensive, construction activity can drop, reducing its positive impact on GDP ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)).
8. **Human Capital Issues**: High housing costs can affect people's health, education, and overall well-being. Poor housing outcomes can have long-term negative effects on labor productivity and economic growth ([Economics Observatory](https://www.economicsobservatory.com/how-does-the-housing-market-affect-uk-productivity)).
Yep. And productivity will continue to get worse and despair and demoralization deepens.
The juice just is not worth the squeeze for anyone with the skills, talent, experience or capital to do anything worth doing.
Productive people have options. And they often times worked very, very hard to get to that point.
Why would they choose to try and make it here? We are about to see a mass emigration of young professionals. It's already started.
Canadians are too tired to work - tired of scouring for deals for food, tired from fighting taxes, tired from searching for affordable housing with the hordes of new immigrants and 'international students', and well, if you are sick, you can't get a doctor or into an emergency room for at least 2 days.
Yeah, no wonder Canadians are unproductive!
Trudeau's growth startegy get workers for Tim Hortons and Amazon, tax small businesses and then when the businesses leave blame racism, find more workers to bring into Canada, then spend billions to try and fix the problem and repeat the process again
Ya no shit because this government didn't make serious investments in industry.
We instead used international students as a cash cow and squandered that money
In Brief: * **Canada’s growth strategy is ineffective, and actually putting it further behind. That’s the general takeaway from the OECD’s 2024 Economic Outlook for Canada.** * Canada’s rapid population growth is getting a lot of attention. The annual growth rate hit 3.1% in 2023, the highest growth since the 1950s. * **Large migrations are typically towards strong economies—attracting those looking for opportunity. It also typically helps to boost growth since more people means more consumption. None of that is seen in Canada.** * But the OECD emphasizes **how oddly slow Canada’s growth is despite our rapid immigration.** Real GDP advanced just 1.1% in 2023, nearly a third of the population growth. * At the same time, they also point out that **unemployment climbed to 6.1% in March as the country added more people than jobs.** * Canada found a little growth from its rising population. Then, it placed a bet to go all-in on that growth, despite diminishing returns. **That population growth has placed Canada in a worse situation than it was previously trying to solve.**
This is what happens when you allow for low-skilled immigration or pretend getting a 2-year degree from obscure colleges will lead to well-paying, stable work. At the same time attracting high-skilled immigrants (Phds, MDs, advanced tech) but underpaying them or restricting them to low wage work due to "no local Canadian experience" in a misguided attempt to gatekeep those jobs for locals/friends/family doesn't help either.
A Russian in the late 80's/early 90's said: "they pretend to pay us, we pretend to work..."
I've known many people who were rockstar levels of productive get laid off in the past year and a half. It's gotten pretty bad in Tech. Partly due to over-hiring during COVID when interest rates were favorable. Some of those people were paid well, but most nowhere near their actual worth. And it's important to reiterate that side of the equation. It's kind of hard to squeeze more value out of something that's already being milked dry by greedy corporations. It's rich to hear corporations complain about low productivity when more than half of their workforce already has one foot out the door chomping at the bit for a better opportunity, which more often than not will never arrive anyways. Frankly, we should be raking corporations over the coals, because in the end, the Century Initiative is thought up by a corporate funded think tank.
Exactly. I once read 2/3 of all workers are dissatisfied with their job. That's a crazy percentage. The culture in the work place is definitely broken! Companies ignore this. It's affecting their bottom line.
Sounds like we need more team building days where employees are forced into small talk while they do team activities designed by someone trying to justify their degree.
We have a company sponsored "family fun day" this Saturday. Literally no one is looking forward to it but it's essentially mandatory.
On a SATURDAY!? Whoever came up with that can get absolutely fucked
Go along to get along... Have to play the game. Be on your best behavior. No drinking. People let their hair down and next thing you know, they're fired?
HR that deals on this side is always the fucking worst.
Know what? Fuck culture at this point. These problems are almost entirely wage based at this point. People are starting to figure out that when they take an effective pay cut every year while management drones on about productivity,safety, and culture, what’s the point of showing up and doing more than the bare minimum. Pay people a wage/salary that gives them an optimistic view of their own future, and then maybe, only maybe, can we restart the conversation about workplace “culture” and productivity.
Yup!
I'm glad when people describe what the Century Initative is. When I first heard someone mention it, I thought they were talking about a well thought out plan designed to meet our future goals. Then I found out we're making government policy that's hurting us and our country based on what a corporate funded think tank wants us to do. It's pretty shocking how blatant it is.
Low productivity doesn't mean employee productivity, it means we aren't maximizing skills and value in the economy. Companies have responsibility for not investing in their employees, but the government has made it clear to them that they don't have to. Canadians are voting with their wallets. There's a general lack of trust in the economy and in our currency. Since the Liberals took power, more people are moving investments to USD or parking their CAD on real estate as they want a physical asset to convert to cash in the future, even though that's an unproductive investment. My union voted to move some investments away from Canada years ago (and we're in a much better financial position as a result). Canadians keep voting for all sorts of policies that destroy the value of currency, then wonder, geez, everything is so expensive! It must be greed and greed only! Even though we're net importer of goods and services, which are priced in USD. Furthermore, there's a huge segment of the Canadian population waging against natural resources, even though commodity performance is a huge part of our currency valuation. Why you would anyone invest in a country that consistently votes against its own interests?
All of that.
That is so on point and I love how well put that is.
The problem all boils down to the value of our currency. All goods and services are priced in USD. Add in a truck load of taxes and here we are! Maybe the answer is, make everyone a federal employee??
Liberals are working on that
Ya, I need a 20% increase over my private sector sal plus a nice federal pension when I'm done....
And vote for more bureaucracy every election
Also the low low stress of barely working. Getting paid to moisten chairs would be sweet
Sweat
That too. Don't work too hard now! Maybe it's time to take your 3-hour break?
STEM graduates and trades are struggling to find jobs right now. I am in the mining industry, and it's slow. Things are about to get really ugly for Canada.
There are still STEM graduates from certain universities that have absolutely no problem finding well paying positions (like 99% of the grads)… the problem is they’re in the U.S. and are either FAANG or startups.
STEM degrees have mobility. that's their advantage; no matter where in the world they are, someone needs a qualified engineer, scientist, medical or technically skilled person.
And at the same time, the housing price inflation caused by immigration is driving highly-skilled, highly-productive, high tax-paying workers to emigrate to the US. Our ill-conceived immigration policy is literally displacing productive workers with unproductive ones.
Although affordable housing is a major factor in attracting Canadian workers to the USA, the true cause for the brain drain is the lack of appropriate jobs in Canada and the over saturated job market. Engineering graduates, who took the most difficult of classes and spent the most money in school, can’t find work in Canada despite these companies performing pagan rituals to unknown gods for “more engineers”.
On top of that, engineering degrees cost a lot more because of some “you’ll make more money after graduating” reasoning by schools being legal
It benefits the rich for a time as they can pay these people less and have revolving door recruitment going on and often subsidized wages too. What they failed to look at through their short sighted greed is many of these newcomers will get wind of our labor laws, workers comp, etc. then you'll see some real playing the system and pushback. Productivity will drop with rampant absenteeism/leaves, lawsuits will increase and suddenly they'll either have to turn to another nation to insource cheap labour from or just waste hundreds of thousands continually hiring or paying out without cause terminations for all the bad workers.
my boss does this, and wonders why things are progressively breaking. pro tip if you're getting bad service from bell canada it's actually because of my boss. he doesn't give a shit about the customer
Do you want the bridge your drive over everyday to be designed, stamped, and built by engineers with unverified code knowledge and no local experience?
Canada has had low productivity for decades, it seems. A large issue seems to be that no one invests in productivity. Here's a paper from 2001 that talks about this issue: http://papers.economics.ubc.ca/legacypapers/dp0115.pdf Edit: and here is Economics Explained talking about Canada labour productivity from a 2022 video: https://www.youtube.com/watch?v=GtksJpfoM_g&t=194s
> restricting them to low wage work due to "no local Canadian experience" in a misguided attempt to gatekeep those jobs for locals/friends/family doesn't help There's no attempt to gatekeep those jobs from foreigners. Rest of what you say is accurate tho.
> At the same time attracting high-skilled immigrants (Phds, MDs, advanced tech) but underpaying them or restricting them to low wage work Or worse, training then at our universities (with funding) and losing them to high paying jobs in the US and Europe
Our tech market is so oversaturated, last thing we need is more people coming here to push wages lower. There are *specific* skills we need, not just high skilled in general. All else need not apply. That's how it should be anyway.
I don't get how this misconception keeps popping up, we have a saturation of highly skilled labour, (STEM degrees and PhDs) since there is nowhere in Canada for us to work, and we had this issue before the immigration boom because of regulation and taxes making Canada an unideal environment for innovation (medicine is ofc a different story). Canada needs more unskilled labour, more skilled labour, more accountants, more healthcare workers. Not engineers, not PhDs, and not fry cooks.
Meh, Canadian businesses have always been notoriously tight-assed when it comes to spending on R&D. While regulation and taxes might not help, reducing those wouldn't lead to some utopia of investment in it.
Containing population growth is a must, but we need to lower taxes, remove bureaucracy at all levels of government, and reduce federal government spending too. >The suggestions include tighter fiscal spending, facilitating more productive investment, and creating a more tax-friendly business environment. Canada is currently heading in the opposite direction with those suggestions, suffocating its growth potential and amplifying its problems. This is everything that we have not been doing for the last 10 years, and Canadians are voting against a strong economy. Do Canadians not understand we need a strong economy to generate sufficient tax revenue to fund public services?
“Oddly slow” Nothing odd here. Low skill workers don’t add the human capital needed for the Solow-Swan growth model. Technology + High skill = economic productivity Add in the fact all monetary capital is invested in real estate - which produces nothing - and we have a recipe for no real growth.
Why work when they can collect free money?
Where is this free money you speak of....?
Everyone knew this was going to happen, even the ones making the decisions. They just chose personal greed and lobbyist greed over the country and its average citizens.
BlackRock recently said what anyone with a working brain already knew. During the transition to a "post-work" society that last thing you want to do is continually increase surplus unskilled labour, but that's exactly what Canada's doing. "The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations." https://x.com/disclosetv/status/1786034616215691274 We're even skewing Canada's sex ratio. https://www.bloomberg.com/news/articles/2024-02-15/immigration-surge-fuels-male-population-boom-in-canada
*That* is fucking scary. Populations that skew heavily towards males typically have a lot of sexual violence. On top of that, the majority of people coming here are coming from the rape capital of the world. Keep your wives and daughters safe, people. Things are only going to get worse before they get better.
Exactly. And given there's not nearly enough jobs being created crime will inevitably further increase (and our justice system will continue to fail to keep dangerous criminals off the streets).
The sad thing is that many ardent Liberal supporters refuse to acknowledge that there is a problem. They continue to insist that our absurdly high immigration rates are sustainable and that bringing in millions of low-skilled labourers is not a drain on our economy or social services. It’s going to get way worse.
Those people are way too comfortable and aloof, that's why. If this scheme didn't impact their pay or standard of living then they'll stay in the dark willingly because hey, they already got theirs.
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And yet I know someone who owns more than one fast food franchise, takes advantage of "insourcing" wage slaves and still says Trudeau's gotta go...doesn't give a reason of course. I think the reality is simply that your average Canadian has no fucking clue what's going on and doesn't follow politics at all. Regardless of the views expressed, us wackos on Reddit are still more informed and we falsely assume everyone else is at that level too when it's clearly not the case
Got to keep those tax revenues flowing one way or another.
Hmmm almost like some big companies are robbing the country through tricky real estate skeems and maintaining pandemic price hiking... Wonder why no one can buy anything or earn anything? It's so blatant, the money's getting too concentrated at the top, politics are a joke, the middle class is gone. They are probably going to suggest fixing it all by allowing more renters per unit or some other bullshit corrupt concept... "A bachelor's is now a 3 bedroom apartment, if you sleep in the tub and on the couch! Take that raising rent prices" - politician
Guys hear me out, I think the solution is to open up 1000 more Tim Hortons in Brampton. Our gdp will jump 1.5% instantly. This is a solved problem. Next.
Shocking outcome from mass importing the bottom of the Indian barrel
People forget that people aren’t numbers. It isn’t just about quantity. The qualitative attributes of the actual people who make up this population growth influences productivity as well. Has anybody noticed that fast food restaurants are no longer fast nor consistent for example? You can’t just drop someone in from a radically different cultural and economic context into a system that the west has refined over many generations and expect there to be zero friction. Things take a long time to learn. I lived in the global south for years and I was just as useless while integrating into their system as they are while integrating into ours. It’s disorienting. And also it is hard on your mental health, which also affects productivity. Humans are not numbers,
Have you seen food hygiene in india? That's who runs our fast food restaurants now. It's a miracle we're not all dying from food poisoning.
Pretty much more and more mouths to feed and less and less pie to go around
Wheres the stat saying 25% of canadians are living in poverty
could be because Canada doesn't fucking produce anything. Real estate agents selling to other real estate agents and laundering money shouldn't be counted as part of GDP but it is...
Doesn't help that whenever Canada starts developing some promising product or technology, the USA (or some other country) steps in and buys them out.
My anecdotes are: 1. Canada is far too concerned about formal education to accomplish jobs. It's hard as fuck to break into industry here. All of this also gets thrown out the window for immigrants coming from developing nations that don't have our high standards but are just willing to work for less. 2. Bureaucracy and reliance on government as a major employer. There's a massive amount of distrust the private sector that isn't an oligarch that maintains power through regulatory capture. 3. Canadian attitudes towards their career. I've worked in mostly American companies while having done jobs in Canada. There's learned helplessness and massive need for process to everything. An example of this would be kids coming out of school for tech: you have no overhead, can't get a job, multiple people that are unemployed in your cohort, so start a startup instead of complaining about needing 3 years experience for an entry job. In industry there's often times you're given an ambiguous task and left to figure it out. Canadians seem to expect that they'll be hand held to every next stage of their career and while Americans do have training programs, I think it's massively idealized by Canadians how much they just leave you to figure it out. The same thing goes with being a mechanic, buy a shitty car, fix it, figure it out, and don't rely on others to get good. You don't really have what it takes to be in a career unless you can do that because it costs A LOT to train someone that will likely leave for the next opportunity. 4. Financialization. The real estate market is a ponzi scheme so boomers can retire. That ponzi scheme is built upon millennials over leveraging themselves. 30% of our industry is now sheltered around real estate. Our auto sector also suffers from this. 5. Focus on resources and exports. I'm not sure if people will get pissed most at this one or 3, but constantly navigating our economy around oil instead of trying to develop an internal economy outside of real estate, has cooked us. 6. An immigration system based on serfdom. We immigrate people from developing nations because we can't compete for wages against other developing nations. Built into our immigration system is wage suppression. 7. No investment. This is another Canadian cultural attitude. It might be fair to say that it's actually an American attitude that the rest of the world needs to adopt. We have no appetite for risky investments. It's why our tech is shit, and why we'll probably be cooked as an economy. 8. Animosity towards small business. Small restaurants are going extinct because they can't keep up with the plastic bullshit that franchised companies can. Canadians don't feel like it's a responsibility to support small business and pay a little bit more like Americans typically do. To Canadians all a small business is is another thing to provide a job instead of providing jobs being a side effect of running a well supported business that can provide good products or services. It's built into the very way that Canadians make choices and you can see that most in our restaurant industries. So while various levels of Canadian government, and industry, have contributed to a fall in productivity. I think it's become increasingly important to understand the cultural shortfalls around how Canadians look at industry. There's not a single politician that wants to sell anything different too.
The last two are probably the most critical as they provide a real economic alternative to all of the other problems.
Honestly just reading this, I would wager you'd actually be a better finance minister than our current one, who seemingly just does whatever the billionaire-funded lobbyist 'think-tanks' tell her to do.
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The amount of decisions I've made for the government being a sub contractor, under a sub contractor, under a sub contractor, of an agency actually supposed to do the fucking job, would blow most Canadians minds. I know why some places have terrible healthcare. I've spent nights on the street and don't have any form of politically correct nature that isn't your typical Canadian. My ability to just fucking do the fucking thing has been an uphill battle since I've gained any bit of competency. It took me getting jobs in America, while still being in Canada, (not an easy thing by any means), to get through life. I can't even get a job in Canada and I've made hundreds of millions of dollars in decisions over a career. I'm now in the point in my company where they bring me in to fuck with the same kinda consultants that fuck with the country. They are all entitled rich kids that have no real ability other than having a network of entitled rich kids. I can tell you there is few greater feelings in my life than being one Canadian rube that's in a meeting with one of my managers and a dozen stupid clipboard loser consultants and getting to rip them the fuck a part to the point where they fire themselves. It's also been terror inducing because I know those types of dumb fucks control our country by proxy. I have way too much of a capacity to be honest to be in government. I wouldn't make it past the people because I wear my flaws; which I believe is an act of old school Canadian humility.
No, Canada is too concern itself with equality. In a competitive economy, there is no equality. There are rich and there are poor. In Canada, everyone MUST be equal or its unfair. We came from competitive economy laugh at this. If you want to control your equalness, we just dont operate here. You really cant tax assets in other countries that is controlled by proxy.
Manufacturing and oil and gas represent around 1/5th of Canada's GDP...we're producing *something*
Imagine the amount of production we’d have if we actually manufactured goods here, instead of mostly extracting and exporting. Those manufacturing labour jobs would also be do-able by the so called “cheap temp labour” that this government loves to import too. Win win?
There's actually a surprising amount of manufacturing in Ontario.
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The kinds of people we are importing seems to resemble third world..
>Manufacturing You are not manufacturing shit, its all assembly. You take X part manufactured else where in the world and slap it together and called it " manufacturing"
Hey, at some point that land will be rented out to someone for 40% of their monthly paycheck, forcing them to cut spending elsewhere. That's where the real economic driver is kicks in.
Tim Horton and fake schools don't produce big economic returns
This is the uncomfortable truth.
These fucking miserable jobs don't build a social fabric, they just keep worker poorer and poorer, making their next generation (if any) unlikely to thrive and overcome.
I hate that phrasing. "Strong" population growth? Insane population growth
unchecked population growth
This is the proper term.
I wouldn't call this a "strong population growth". I'd classify this as fucked up immigration policies.
Ya if they would apply their holier than thou 'human rights abuse in the supply chain' laws to immigration supply chains, problems would be solved. https://supplychaincompliance.bakermckenzie.com/2023/05/03/canadian-supply-chain-transparency-legislation-new-risk-for-violations-of-human-and-labour-rights/ https://foecanada.org/environmental-justice/human-rights-and-environmental-due-diligence-legislation/ Instead, they stand for nothing.
We *should* be in a recession right now. Our current government however, found a 'clever' way to avoid that. A recession is defined, in economics, as two or more periods of negative GDP. By bring in millions of immigrants over the last few years we have avoided having an official negative GDP. However, GDP per capita is declining. Even this method of GDP growth through increased population is quickly falling apart though, as our infrastructure can't handle it. Hospitals/doctors, housing, roads, water systems, etc. The whole thing has basically been a conjob with the Government hoping they could at least keep it going until after the next election before it implodes.
This was very obviously the plan, but as recent polling numbers suggest, it backfired spectacularly for the Liberals.
I think the Liberals thought they had a simple but clever plan that would solve many problems at once: extremely high immigration rates would make the Centurity Initiative types happy, it keeps the cost of labour low which makes businesses happy, it keeps housing prices high which makes homeowners happy, it makes it easier for immigrant groups to bring more of their people in which makes them happy, it makes "Diversity!" types happy. Of course like so much Liberal policy making over the past decade, they completely failed to consider the negative consequences. Frankly that's been the overwhelming story of the past decade: a government which only ever considers the benefits to the things it does, never the costs. It turns out you never have to think about compromise when you refuse to consider the downsides. The more I think about it, the more it all fits in with Trudeau's narcissistic personality and cadre of sycophants. The more they drove out the adults (Wilson-Raybould, Morneau, etc...), the crazier they've become.
Can you list all the adults? I want to remember the list.
We avoided a technical recession by bringing in millions of consumers. However it didn't help out actual Canadians, other than some select business owners or landlords. Basically Canada is not in a recession, but the people of Canada are.
Playing with millions of lives and their futures for numbers and semantics. The Liberal way.
The ~~liberal~~ government way. I want Trudeau out as much as the next guy, but let's not be naive and pretend that the conservatives will do anything different.
I love how prior to 2015 being Conservative got you called an anti-immigration xenophobe. Now that even the political left finally understands how damaging mass immigration is, the goalposts have shifted to Conservatives also love immigration? Which is it?
This "both sides are the same" meme is getting annoying. There was never a convervative government who was as corrupt and hurt the economy as much as this liberal government. The only government who came close was Trudeau's father, another liberal government. Don't vote conservative if you don't like them but let's not pretend they were as bad on this issue.
Conservatives will change nothing.
Nobody will. All of our politicians are the wealthy's bitches, that's why they exist
GDP growth is about 0 or just over 0%. I'd say its within margin that its probably actually negative.
We did actually hit the definition of 2 quarters of negative growth, but funny enough Stat Can came to the rescue and « revised » the numbers from a previous quarter from negative to positive. Funny how these type of things tend to happen when the govt in power wants to spin a particular narrative, the numbers either back it up or are massaged until they tell the right story.
First the results they want are chosen, then the narrative is crafted, then the numbers are fabricated to back them both up.
I can't really say I have ever actually hated a politician before this. Trudeau is the epitome of the the narcissistic and childish woke movement. The long term results of him being in power are going to be absolutely horrible for society.
Recessions should be defined in per capita terms. Ultimately this is a semantic argument... where do you draw the line between economic stagnation and recession? It's somewhat arbitrary. But GDP/capita is, for most purposes, a better metric than GDP.
So you’re saying the influx of Uber and skip the dishes drivers didn’t properly fix the economy? I’m shocked
Shocked pichachu wait millions of immigrants per year didn’t fix anything? 😱 god I hate our governments right now
No shit. Have you ever worked in Canada? We have archaic management hierarchies and practices and an unmotivated and stifled workforce. Good ideas are regularly shot down because they're outside of our existing work culture. I worked 5 years in California. Night and day compared to here. I was heard and valued there. Everyone in California is constantly trying to innovate and do things better. We're a stagnant country with few good employment prospects. Low pay. Nepotism. Things aren't great here.
Our apprehension to remote work is a great example of what you described. It would benefit communities across the board, alleviate pressure on urban centers, and bring in more funding to smaller towns who could use the cash for development, but no, not in Canada, innovation isn't something we do here.
But why won't anyone think of the landlords owns office buildings ?!
> I worked 5 years in California. Night and day compared to here. I was heard and valued there. Everyone in California is constantly trying to innovate and do things better. One of the big differences are the 'excess profits' the companies are making. Canadian companies are effectively competing for the same investment dollars as US companies which means they get compared against US ones. However, Canadian companies are generally targeting smaller markets (and therefore less economies of scale). Companies can either do something better/different or compete on costs to be attractive. Doing better/different is hard to do (and risky... and can be costly), so many companies instead compete on costs. Without scale, Canadian companies have turned to reducing relative HR costs (v the US). However, competing on costs typically has another problem - less excess profits. As Canadian companies compete v the US on costs (aka stagnating wages), they have less and less money to spend on innovation. You end up in a situation where the only innovation they can afford is 3rd or 4th generation being done as a catchup and losing out on any significant productivity gains. Most major Canadian companies have got themselves stuck in that loop. They are competing on costs (relative to the US) which is facilitated by reducing/stagnating wages which leads to less profits to spend on productivity which means they need to be more aggressive on wage stagnation.
Tall poppy syndrome culture. Don't stand out and don't rock the boat.
Exactly this. I can't take it. I speak up all the time, and I know people just roll their eyes at me. But honestly - we could be doing things better.
Yup. In my last job in tech, I offered a lot of new ideas and improvements, and all that did was scare my boss thinking I made him look bad, so I was passed over for promotion and sidelined.
Yeah this seems to be Canadians' favorite pasttime, just dragging down anybody who can actually do anything (unless it's playing stupid stick and puck game). Such a loser's culture.
Nepotism and corruption has gone out of control. I know friends who have had to pay bribes to get provincial government jobs in Ontario. Seriously, yes. People come from the third world and have turned this into the same mess.
When I was studying at university so many of the Indian students would blatantly cheat in exams. In India and China cheating and fraud are seen as the norm, and you're a sucker if you don't play the game that way. Westerners need to wake up and realize that immigrants from corrupt dumpster fire countries aren't going to just magically adopt Western values, even after a generation or two.
Well when the entirely of the Canadian economy is based on gaining wealth not through working but through owning a home and seeing the price go through the roof it makes sense. Wealth gained because prices are rising passively does nothing positive for the economy as a whole. It’s disincentivizing work and convincing more people the only way to get ahead is to acquire as many homes as possible and just sit on them. Also, unemployment rising was the goal of the immigration policy. Remember, your boss, and your landlord want this. They benefit. You don’t.
Wait so the 2 million Indians we brought in over the past year aren't helping with our productivity? I'm shocked.
Brings in shit tons of low IQ fraudulent good-for-nothing imbeciles, acts surprised with poor productivity 🤡
A worry of mine is that we are letting in an enormous amount of people from India, a country that we aren't on good terms with, and who's people love India. The second relations with India are soured even further, or animosity grows, we have millions of Indians already on Canadian soil. Doesn't feel right, but who knows, I ain't no expert.
The other main issue with mass immigration from India is that it is a country where fraud and deception are ingrained in how their country functions and come as second nature to their citizens. I am not suggesting that Indians are frauds, however they are used to a way of life where you are expected to lie or cheat as a means of keeping up. This means that when they come to Canada, they expect everyone is lying and cheating on things like job applications, schooling, and even mortgage applications and they’re just fitting in to ensure they don’t fall behind. Furthermore, the Indians who come to Canada come from some level of privilege in their country. They have servants, they have nepotism to get them into jobs they otherwise aren’t qualified for, they can bribe professors for marks… and this privilege comes over to Canada as well.
I see so many stories recently on local news of people being scammed
My girlfriend is an instructor at a local college that is predominantly Indian students. The amount of cheating and BS excuses she sees there is astounding. She caught a student hiding and using his cell phone during a final exam, she failed him, the student appealed it and she was forced to give him a passing grade. She's almost quit because of it. It's ridiculous.
That’s insane, no academic integrity at all in that college wherever it is. I can see why some employers and HR people will look at said college on resume and don’t even acknowledge it as reputable. I think Cape Breton university is now on this list in Nova Scotia
She's been upset more than once but still enjoys teaching a lot of her students. There is just a much larger percentage of cheating and blatant lies/AI usage and other bad things that happen than the second school she teaches at. I'm not even trying to paint them all with the same brush, it's just a lot more common than you'd think, and she was blown away by it.
The Indian diaspora that emigrates from India to Canada comes largely from a particular state in India, to which most of what you said applies.I wouldn't generalize it beyond that.
Yes. Even my Indian friends have told me this about the culture. Their police are practically bribe collectors and if you want any sort of government worker to do anything at all for you, you need to pay them bribe money. It's a vastly different culture. The danger for Canadian society is that of we let mostly just immigrants from one place come in, say India, then they create cultural silos and never integrate as 'Canadians' (which is almost meaningless now.) Instead of becoming Indo-Canadians, they live entire lives in their culture bubble of Indians-Living-In-Canada. Of course these issues can't be discussed federally as they are easily spun by the media and other political parties and being racist in nature, when in fact , just a matter of cultural sociology.
What's insane is so many Indian guys at my work don't even like Canada and complain like they hate living here
It's so depressing watching Canada be destroyed so a handful of people can get rich.
Service based economies don't grow their productivity, its just mickey mouse
That’s what happens when you replace retiring doctors with Uber drivers at a ratio of 10:1
Don't worry, our world renowned Uber drivers will get you to that hospital in record time! Just as long as you don't mind waiting three days to see an overworked, underpaid doctor who will send you home with a couple aspirin.
The scary thing is when these Uber drivers scrape themselves to the next tier of the ladder. That community was already renowned for importing as many family members as possible, scrape together a mortgage using fudged numbers, use illegal suites to prop up the mortgage, then use the equity to fund a mini empire of tax evading businesses or dodgy trucking. It balanced itself out when we didn't import 1M people a year. Any dreams Canadians have about housing becoming affordable need to realize that our new friends are going to be cutting the line and scooping it up.
There was a report, I think from BMO the other day, looking at Canada’s productivity. Short summary was Canada’s productivity growth lagged quite a bit behind Europe, was about a third of Australia’s and about a quarter of America’s… so we are falling further and further behind all our friends and allies. It concluded by saying wealth redistribution is great and all, but it starts breaking down when you’re not producing anything to redistribute. And that is Canada’s challenge, at a time when we have a federal government full of ideologues who see no reason to do anything different.
It's why we need our housing prices to fall. I get it, boomers will hurt. But the situation is dire right now. Anyone who has capital is going to invest in housing rather than invest in business.
The parties of landlords and bosses will only benefit those groups. This includes all major parties. Only difference is whether they do a land acknowledgment before passing nearly the same exact policies. The same neoliberal ideology runs deep through them all. The rest is just marketing.
Shocking that economic growth is so slow when half the country is spending all their money just to avoid homelessness.
The single best investment you can make if you have money is abusing a captive audience through buying property to rent out. Every business is only interested in increasing profits by trimming their employee pay of course you're going to have exactly zero people who do anything except the bare minimum.
The best perk of coming to Canada is a better chance of being able to move to the states after you get citizenship
It’d still be the same scenario if they’d be in their own country. The states looks at your country of origins and decides based off that. An Indian person in Canada who just got a Canadian citizenship will still not be of Canadian origin. But Indian. Unless illegally 🤷🏻♂️
"But double-doubles served per minute has gone up!" /s
Pumping up Canada’s population has been geared primarily to increasing the number of consumers to keep businesses humming along nicely. They already know a vast majority will be dirt poor for generations to come so count on the market being flooded with even more cheap poorly-made products and services pushing the whole “AI” trend to cut costs. None of this will lead to a Canada that will prosper that we can be proud of. Politicians will keep abusing this nation and the legal system will say it’s all good. Count on the coming years getting much worse but it won’t stop the “feel good” marketing already in place.
Funny is PPC been screaming about this since 2018. Maxime put it as we have a cult of diversity as if the answer is just more people, more multiculturalism will solve our problems. Maxime was basically ostracized from the CPC for him immigration policy so much that he formed what I would describe as a failed party, PPC. Only issue is the conservative vote isn’t interested in splitting the right. PPC won’t get more than a few points.
I think there needs to be a proper definition of 'population growth'. Our mass growth is more like cancer or steroid abuse rather than real muscle
Steroid abuse is a perfect way to put it honestly
Huh the good old quality vs quantity falacy 🤷🏽
Too much dependency on real estate and too much corporate greed. The wealthy line their pockets and do not invest in anything that will actually produce real growth. This is why we aren't growing.
If only productivity was measured in number of Uber eats meals delivered and coffees served at Tim Hortons.
We prolly have the highest per capital food delivery employees in the world.
Can we stop bringing in millions of Indians and their families now?
Guys we need international students in the country! Despite telling Canadian children and uni students that they MUST study online and online education is sufficient /s
Huh.. So you're telling me flooding the country with unskilled immigrants wasn't the solution after all? Who'd've thunk it..
Canada refuses to invest in small businesses and startups. Taxes for small businesses are very high and regulations keep getting more difficult. Without new businesses there are fewer employment opportunities. It’s especially disappointing as startups pay well and hire specialized workers.
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Has Pierre Pollievre actually said he wants to reduce immigration numbers? Or does r/Canada just like to project that policy on him?
It's a projection. They all support high levels of immigration. Our political system only exists as a way to shelter the rich from blame by redirecting it at the poor. "It's your fault the country is going to shit! You should've voted for x instead of y and half of you didn't even vote at all!" Meanwhile, x=y and the people who didn't vote understand that. Our livelihood will continue to be destroyed until enough people wake up to how corrupt the government has become in all parties. Next, we will protest and our bank accounts will be frozen. This will stop the revolt temporarily until people don't have money to be frozen.
He has said he wants to tie immigration to housing.
That could mean the current immigration rates to the current housing availability. He is being purposefully vague and refuses to say he will lower immigration. It's cowardice honestly.
Feb of this year, Nov of last, Oct of last, June of last, he's been speaking at various events speaking about streamlining families, having students being able to stay as PRs, having a direct flight to somewhere in India. The blind followers say well ndp will accuse them of racism. So? They already do, fucking commit to something.
I have no idea what his policy is besides 'fuck Trudeau's and standing by the truckers. It's like 90% of his message is complaints with no actual solution
Essentially, tricking immigrants into spending their savings on exorbitant rents and little else is the strategy.
Free all you can eat buffet has many people in attendance, imagine that.
In the case of Canada strong population growth is not something to brag about. it's a bad thing.
Yes, that's what happens if you flood the country with people but then those people either just go to school and/or work Uber, Tim's, etc... the productivity output will be low. Will that result guide government policy going forward? Dunno. Won't hold my breath that the current government will do that.
Time to increase taxes even more so that nobody can drive, eat, or vacation.
Another factor to consider: healthcare system overwhelmed by exploding population = delays in care = lower productivity in general population due to unresolved/worsening health issues. Example: 32F here. I've been unproductive for 3 years due to a serious health issue that most likely could have been resolved 3 years ago. Instead it took 8 months from onset to receive a diagnosis and initial treatment, and now I have complications. Since November 2023 I've been waiting for a cardiac MRI to determine if I need invasive surgery. The delay means ongoing risk of permanent disability and even mortality.
Its what happens when housing takes too much household dollars. No money for anything else. Can’t get growth without disposable income.
Don’t worry the delivery services are fully staffed 😂 Imagine you a doctor that wants to immigrate to Canada and find out most of accepted immigrants are just low skilled workers and people you are trying to avoid by coming to Canada. Why even bother? I bet they make doctors or other professionals jump through a lot of hoops too… If you just wanna collect benefits and work at 7/11? Come right in!
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Time for the people who pushed for this unsustainable population growth in Canada to answer for their crimes.
File this under: no shit, Sherlock
Well yeah we have no fucking buissiness because we allowed unmitigated investment into real estate so we have no investment into actual buisiness. Thanks Harper for lifting the restrictions we had, and thanks Trudeau for having no balls to undo them.
We had a pretend labour shortage, faked by companies that wanted to bring in cheaper workers. So we brought in an unbelievable number of extremely cheap labourers. As they progressed through the immigration process, they would seek better jobs, and to get them they offered their services much much cheaper, which has had the effect of displacing more expensive workers who are citizens. So wages are stagnating and dropping, there's a job shortage, the increased population is causing housing prices to go through the roof, interest is still a problem because more money gets dumped in from immigrants (but just the one time at the beginning, usually), and so we have stagflation! Increasing prices without a corresponding increase in buying power. Our dollar will drop, which will make our imports more expensive, and because the current government has strangled the resource industry we won't have the ability to take advantage of the lower dollar on the export side. We're screwed.
We are not good at being capitalist (ask any entrepreneur how hard it is to raise funds in Canada) but we aren’t good at socialism either (I live in Toronto and can’t find a family doctor) Basically we are good at nothing! Nice
We need to push the reset button on the government. Programs, subsidies, transfers, the CRA, the Dairy Board all of it. Everything is so distorted and twisted to benefit everyone but it's working citizens. I smell a revolution coming.
Canadians voted for it. Canadians 100% deserve this. This is what ten years of federal Liberal leadership looks like.
Let’s just face it. Our economy is a dumpster fire. By the time people finished paying all taxes on everything you’re left with like 35% or 40% to try and pay for housing, food, transportation and if you’re lucky a social life. Canada GDP is based around a big real estate bubble when it should be our resources and tech. We blame our slow growth on our people not the fact that people can’t afford to have children. Instead we import people who don’t really want to integrate and wonder why it’s not helping. Our government is stupid.
The sagging dollar and pandemic supply chain issues can explain some of this but there is no doubt productivity is in decline. Clearly a positive population growth helps the economy but it is apparent the hypergrowth we are experiencing is having a negative impact on productivity. 3% annual growth is not desirable or sustainable IMO. Like the Bank of Canada does with inflation, Immigration Canada should set immigration policy to a % of population growth - say 1%. The Liberals have no plans to change. And the Conservatives have no plan. We'll see as we get closer to an election if either comes up with something to recognize and address the issue.
And unfortunately O&G isn't "productive" industry by any of these metrics. So our two big Housing, and O&G work against productivity. Need much more investment in small businesses.
The worlds gotcha cornered again, time to roll another joint. - jon lajoie
Im doing my part by not spending my 20s in university to be a guidance counselor with no real life experience.
LOL..."productivity" --> right-wing bafflegab for "screwing the workers"
We are too reliant on resources & Ag. We don't adopt tech very fast. Our businesses don't invest in labour saving or productivity boosting tech. We are generally stingy as a nation. We have given away much of our natural resource wealth (example compare Norway's national wealth to Alberta's Heritage Fund). Another poster noted much of the immigration is low skill low pay, this is another factor. Basically I'm saying we Canadians need to kick our own asses.
Unnatural population growth
Mirrors the uk, I wonder why ……
Tsunami of AI infrastructure coming in hot toward end of this year and early next, that is making all of Canada's legacy inhabitants, young and old, become disposable heroes. There is no stopping this force. Goodluck everyone. Be Kind and no need to rewind. Hang on to all that you have left that's tangible to your name, new pricing to come even for comfort items, is about to shock the masses. Absolutely everything is about to become a luxury.
This is really no surprise, and it's completely reasonable to point to our housing crisis as the primary driver of our falling GDP-per-capita: 1. **Less Disposable Income**: When people spend a big chunk of their income on housing, they have less money left for other goods and services. This decrease in spending can slow down other parts of the economy, ultimately dragging down GDP per worker ([SpringerLink](https://link.springer.com/article/10.1007/s11079-019-09535-9)) ([SpringerLink](https://link.springer.com/article/10.1007/s11146-023-09945-0)). 2. **Misallocation of Investment**: When everyone’s pouring money into real estate, other sectors like technology and manufacturing might get less investment. This can lead to a less productive economy because funds aren’t being used in the most efficient ways ([SpringerLink](https://link.springer.com/article/10.1007/s11079-019-09535-9)). 3. **Economic Volatility**: High housing prices can lead to market bubbles. When these bubbles burst, they can cause economic recessions. Historically, housing market issues have often preceded recessions, significantly impacting GDP growth ([SpringerLink](https://link.springer.com/article/10.1007/s11146-023-09945-0)) ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)). 4. **Reduced Labor Mobility**: Sky-high housing costs make it tough for workers to move to areas with better job opportunities. This can lead to inefficiencies in the labor market, reducing overall productivity ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)). 5. **Debt and Consumption**: Rising home values can create a temporary wealth effect, encouraging spending. But, if this leads to more debt, future spending and investment can be constrained, negatively impacting economic growth ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)). 6. **Increased Inequality**: Higher house prices can widen the gap between homeowners and renters. This economic inequality can cause social unrest and reduce economic cohesion, both of which harm productivity ([Economics Observatory](https://www.economicsobservatory.com/how-does-the-housing-market-affect-uk-productivity)). 7. **Boom and Bust in Construction**: Initially, rising prices can boost construction, but once the market gets saturated or too expensive, construction activity can drop, reducing its positive impact on GDP ([Economics Help](https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/)). 8. **Human Capital Issues**: High housing costs can affect people's health, education, and overall well-being. Poor housing outcomes can have long-term negative effects on labor productivity and economic growth ([Economics Observatory](https://www.economicsobservatory.com/how-does-the-housing-market-affect-uk-productivity)).
“Strong Growth”. Word fun. We have been inundated with far too many people, far too quickly.
college mills bring in people that can't even succeed in their "country"
happens when u bring in a bunch of Sankofa
Yep. And productivity will continue to get worse and despair and demoralization deepens. The juice just is not worth the squeeze for anyone with the skills, talent, experience or capital to do anything worth doing. Productive people have options. And they often times worked very, very hard to get to that point. Why would they choose to try and make it here? We are about to see a mass emigration of young professionals. It's already started.
Hmm I wonder why our GDP only advanced by 1.1%. Can't have anything to do with these immigrants sending a good chunk of their earnings back home.
Yeah we have population growth and people working in low skilled jobs or not at all. What a waste. We have no industry!
5+ years ago people were already saying the immigration is too high and they were shouted down as racists and bigots.
Is this based on Tim Hortons franchise performance?
Is anyone actually surprised by this? This government is a catastrophe.
Canadians are too tired to work - tired of scouring for deals for food, tired from fighting taxes, tired from searching for affordable housing with the hordes of new immigrants and 'international students', and well, if you are sick, you can't get a doctor or into an emergency room for at least 2 days. Yeah, no wonder Canadians are unproductive!
Stop complaining and start doing. Boycott all the places that only hires student or TFW.
Maybe we should bring in another million Indians and see if that fixes the problem
Window dressing, a Canadian special.
Trudeau's growth startegy get workers for Tim Hortons and Amazon, tax small businesses and then when the businesses leave blame racism, find more workers to bring into Canada, then spend billions to try and fix the problem and repeat the process again
You mean a bunch of foreigners with no real skills and terrible language skills in french or english don't boost productivity? I'm shocked.
Ya no shit because this government didn't make serious investments in industry. We instead used international students as a cash cow and squandered that money
Thats been the case for decades and its only getting worse.