The drop in Canada immigration caused by the COVID-19 pandemic threatens to derail an important driver of economic growth, a new RBC Economics report has warned.
Permanent resident arrivals dropped sharply, particularly in April, side-lining the federal government's strategy of immigration-fuelled economic growth.
International travel restrictions and the closure of the Canada-U.S. border were necessary to stop the spread of the deadly virus.
Now RBC Economics is predicting Canada will welcome a maximum of 70 percent of the targeted 341,000 immigrants in 2020.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer
The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer
