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by silisili 1034 days ago
Sounds like 'market rate' is about to get lowered even more...
1 comments

Just like our GDP per capita.
Are you saying this change will result in a lower gdp? How do you figure that? Usually it would mean that Canadian companies can get more done for less money right thus boosting overall gdp?
According to a recent Bank of Montreal analysis, Canada's GDP per capita is likely to decrease.

https://www.theglobeandmail.com/business/article-canada-real...

>Canada’s population growth will likely slow from its current frantic pace as immigration officials work through the pandemic backlog of applications, but not by all that much. Barring a vast improvement in productivity, Canada’s per-capita GDP – and our standard of living – appear headed for an outright decline.

I don't think that reads as saying immigration is leading to reduced gpd let along gdp per capital. Usually we think immigration increases both