Canada's Mass Immigration (2017 to 2025) was the worst economic policy decision in Canadian history.
It was NOT progressive; it was, in fact, extremely REGRESSIVE.
It transferred wealth and market power:
➡️from the Young to the Old,
➡️from the Poor to the Rich,
➡️from Labour to Corporations, and
➡️from the Renter Class to the Owner Class.
Prior to 2015, immigration to Canada was high and focused on high-skilled, high-wage labour.
In 2015, THIS government CHANGED the RULES, which shifted the focus to low-skilled, low-wage labour. This hurt the job prospects of young Canadians entering the labour market, put downward pressure on wages and lowered Canada's productivity. ➡️
bankofcanada.ca/2025/05/staf…)
It also increased housing costs, particularly for renters, who tend to be poorer and younger. ➡️
bankofcanada.ca/publications…
In short, it was horrific for the youngest, poorest and most vulnerable in our society. Never mind the social upheaval it caused.
Now that Job Vacancies have normalized and rents are falling, this government is floating the idea of raising immigration. It is outrageous. Worse, it is, again, being pitched as progressive when it is not. It hurts the Working Class; Bernie Sanders was right...
youtu.be/vf-k6qOfXz0
The only thing that will improve the standard of living for working-class people is productivity growth. That's it.