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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.
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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
Survival and growth of women-owned and immigrant-owned businesses during the COVID-19 pandemic
May, 2024 | Gueye, B.
Key Takeaway: Despite general stability in Canadian business survival rates, women- and immigrant-owned businesses face distinct challenges due to the impacts of the COVID-19 pandemic.
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New
Active presence of immigrants in Canada: Recent trends in tax filing and employment incidence
May, 2024 | Hou, F.
Key Takeaway: Immigrants' levels of active engagement in the labour market and participation in Canadian society have been increasing steadily.
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New
Trends in education–occupation mismatch among recent immigrants with a bachelor’s degree or higher, 2001 to 2021
May, 2024 | Schimmele, C., & Hou, F.
Key Takeaway: Aligning immigration policies with evolving workforce demands and trends in education-occupation mismatch will optimize economic outcomes for newcomers.
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March, 2024 | The Daily
Key Takeaway: Educational attainment levels among racialized immigrants in Canada rose significantly from 2006 to 2021. This change was likely supported by immigration policies focused on meeting labour market demands.
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May, 2024 | The Standing Senate Committee on Social Affairs, Science and Technology
Key Takeaway: Canada’s Temporary Foreign Worker Program needs immediate reform to address ethical concerns and streamline support for workers and employers.
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June, 2024 | The Daily
Key Takeaway: Statistics Canada’s 2023 to 2073 projections of Canada’s population predict significant growth (driven by immigration) and highlight the impact of aging demographics across the provinces and territories.
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