Canada’s extreme immigration lesson for Australia

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In the run-up to September’s Jobs & Skills Summit, the Committee for Economic Development of Australia (CEDA) urged the Albanese Government to compete aggressively with Canada for migrants:

“Temporary skilled migrants now account for around 0.7% of the labour force, less than half the level when temporary skilled migration peaked shortly after the mining boom”, CEDA said.

Temporary skilled workers

“The global migration landscape is also changing. Canada significantly increased its permanent migration intake through the pandemic to provide greater certainty to temporary migrants already onshore and send strong signals to prospective future migrants offshore (see Figure 2)“:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.