Liberal Majority At All Costs: Canada's Aggressive Inmigration Levels (+400,000 Annually) May Please Some Voters and Make Great Headlines, But Has Resulted in "Taming" and "Muted" Wage Inflation

 Another example of the Ministry of Immigration only thinking of "votes" and not the impact on wage growth, housing, healthcare, CPP pension demographics, etc

Near record immigration...and "muted wage inflation", "Wage growth in Canada has lagged behind the U.S"

"...The increased flow of newcomers and their suitability for the needs of the job market “will work to provide the Bank of Canada with some flexibility in the pace of monetary tightening due to the taming impact of new immigrants on wage inflation,” Benjamin Tal, deputy chief economist at CIBC, said Thursday in a report to investors.  

Wage growth in Canada has lagged behind the U.S as their economies have recovered from the Covid-19 crisis, a factor some attribute to the stark differences in immigration policies between the two countries.

As the labor market nears full employment, the additional pool of new workers is helping fill record job vacancies and possibly mute wage inflation,..."

http://www.bnnbloomberg.ca/rush-of-immigrants-to-slow-bank-of-canada-rate-hikes-cibc-says-1.1710578