Skip to content
Home > Future of Work > How lowering the number of…

Future of Work

A curated resource of recent research on trends shaping Canada's labor market.

How lowering the number of non-permanent residents will impact Canada’s economy
April, 2024 | BY Janzen, N.
READ THE FULL ARTICLE AT THE SOURCE
Web Version
Key Takeaway
Slower population growth could reduce price pressures in Canadian markets, especially in housing, but may heighten challenges related to the aging population.

 

This RBC economics report explores the potential impacts of reducing the number of non-permanent residents in Canada.

The federal government has announced plans to decrease the number of non-permanent residents. Annual targets have yet to be determined, but preliminary information implies that the starting goal will be to decrease their count by 20% over three years, equivalent to about 500,000 people.

Slowing the wave of non-permanent residents may give sectors time to respond to infrastructure demands (e.g., housing), but it could heighten the impact of baby boomers’ retirements. Reducing the number of non-permanent residents is projected to increase the average age of Canada’s population, which may further lower labour force participation, compounding the loss of baby boomers from the available labour force.

Currently, non-permanent residents have a higher labour market participation rate. They are an important part of the Canadian workforce, and the labour market will see ripple effects when their numbers decrease.

Tags:
Demographics
Immigration
Labour Market Impact
Canadian Study

Recent reports about the future of work

New
Caring for Canadians: Canada’s future health workforce – The Canadian health workforce education, training and distribution study
January, 2025 | Health Canada
Key Takeaway: There’s a significant gap between the supply and the demand for health-care workers in Canada, which is expected to worsen without intervention.
View Summary
Web VersionPDF Version
New
Generative AI is already widespread in the public sector
2024 | Bright, J., Enock, F.E., Esnaashari, S., Francis, J., Hashem, Y. and Morgan, D.
Key Takeaway: Generative artificial intelligence is becoming embedded in the everyday work of many sectors—including the public sector.
View Summary
Web Version
New
Navigating the landscape of green jobs
April, 2024 | Vernède, S., Trzcinski, J. & Pietruszka, M.
Key Takeaway: The availability of both green jobs and jobs requiring green skills is outpacing the number of workers with the right skills.
View Summary
Web VersionPDF Version
New
Do adults have the skills they need to thrive in a changing world? Survey of adult skills 2023
December, 2024 | Organisation for Economic Co-operation and Development (OECD)
Key Takeaway: Among OECD workers, 23% are considered overqualified for their jobs. The Canadian subset reflects even higher rates of overqualification (28%).
View Summary
Web VersionPDF Version
April, 2024 | Green, A.
Key Takeaway: Artificial intelligence adoption is shifting the demand for skills.
View Summary
Web Version
December, 2023 | Rigley, E., Bentley, C., Krook, J., & Ramchurn, S.D.
Key Takeaway: Governments across the world are developing approaches to educate their citizens about artificial intelligence and train their workforces to use related skills.
View Summary
Web Version
Load More

Contact Us

350 Sparks Street
Suite 604
Ottawa, Ontario K1R 0A4

info@lmic-cimt.ca

Please enter your name.
Please enter a message.
Please check the captcha to verify you are not a robot.
Submit message
Scroll To Top