Canada's immigration dilemma — not enough workers or not enough homes [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. The federal government's decision to bring in fewer newcomers in the next few years due to the housing crunch could create labour shortages and inflationary pressures on some areas of the economy if the right balance isn't maintained, says an analysis by Canadian Imperial Bank of Commerce Canada's record population growth in recent years eclipsed its available housing and the number of jobs the economy has created since 2019, but the increase didn't have a uniform effect on the economy, the report said. Article content Article content “We estimate that while the population has risen by roughly 1.1 million (approximately 35 per cent) more than housing availability could accommodate since 2019, the increase has eclipsed labour force needs by “only” between 200,000-700,000 (five-20 per cent),” the report said. CIBC economist Andrew Grantham said this means population growth was “way a
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- CM's page on the SEC website