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TD Report: Policies that increase immigration of skilled workers would work to improve labour supply and increase productivity growth
Canada’s labour force will be subject to the same aging effect as in the United States and by 2018, potential real GDP growth is expected to slow to 1.8% in Canada.
Policy reform that increases immigration, particularly of skilled workers, and facilitates the recognition of foreign credentials, could help to improve labour supply and labour productivity growth.
There will be more than 13,000 new job openings in carpentry over the next decade, according to current labour-market data.
British Columbia’s skilled work force is expected to undergo an invisible shift in coming years as the pool of younger workers becomes smaller than the number of aging workers who have their eye on retirement. In a 10-part series, The Globe and Mail looks at the 10 jobs expected to be in highest demand in B.C. in the next decade. Transport truck driver is expected to be the second most in-demand skilled job in B.C. over the next decade; 16,300 will be needed by 2022, according to government statistics.
The Government of Canada, in partnership with the provinces and territories, will improve foreign credential recognition for 10 additional priority occupations including the skilled trades and healthcare.
The 10 new priority occupations are: geoscientists, carpenters, electricians, heavy duty equipment technicians, heavy equipment operators, welders, audiologists and speech language pathologists, midwives, psychologists, and lawyers. For priority occupations, service standards are established so that internationally trained professionals can have their qualifications assessed within one year, anywhere in Canada.