Immigration Considered Vital By RBC, Canada

01 Nov 2010

At a conference on innovation in Toronto, Gordon Nixon, president of the Royal Bank of Canada said that immigrants are one of Canada’s greatest competitive advantages. And, that Canada has been largely built by newcomers willing to take risks.

Louden Owen, managing partner for venture capital firm Mclean Watson Capital, said that immigration is key to making Canada competitive on the world stage.

"I absolutely believe that ongoing immigration is going to turbo-charge this economy going forward," Owen stated.

Owen also said that immigrants bring fresh ideas from their home countries and are more inclined to work hard to succeed.

The Canada skilled immigration program grants permanent residence to those who gain enough points under the skilled worker programe. You gain points based on your skills, qualifications, work experience, etc. Canada has easier access to new immigrants who are an important source of new ideas which leads to greater innovation in Canada.