Montreal business groups warn of economic consequences due to strict immigration policies in Quebec. A recent study by the Regroupement des chambres de commerce du Grand Montreal highlights the potential negative impact of current immigration restrictions on the province’s finances and economy, urging the next government to reconsider their approach.
The study reveals that without increasing immigration levels, Quebec could face a “double shock” – a decrease in the labor force alongside a rise in the number of individuals reliant on government assistance, particularly due to the aging population in Quebec. The Greater Montreal region may see a loss of up to 142,000 people over the next 25 years, with a significant impact on the workforce and dependency ratio.
According to Jean-Denis Charest, president of the Eastern Montreal Chamber of Commerce, a population decline in the metropolitan area coupled with a growing dependency ratio could weaken the economy and strain public finances across Quebec.
The study, based on input from 470 businesses in the region, emphasizes the essential role of immigrant workers in sustaining daily operations. The majority of companies surveyed anticipate hiring economic immigrants, with a notable demand for skilled immigrants in the coming years. However, concerns regarding immigration processes, including uncertainties and delays, pose significant obstacles.
Business groups are urging political parties to relax immigration restrictions to prevent a population decline in Greater Montreal. They propose the development of a comprehensive immigration strategy in collaboration with various stakeholders, including cities, businesses, labor unions, and experts. Recommendations also include the creation of a tailored integration model for immigrants based on regional capacities and better alignment of immigration policies with market needs.
