Canada announced that it will absorb close to 1.5 million permanent residents over the next three years. The highlight of the plan is that it's rooted in pragmatism. Canada's PM Justin Trudeau has pitched his government's plan to enhance immigration level as one that will benefit the economy and, thereby, serve its citizens well. It's an approach that many other developed countries need to follow as the challenges they face are similar.
Canada has a fertility rate of 1.4, well below the replacement rate and one of the lowest in the world. Like most developed economies, it's grappling with the linked challenges of high inflation and slow economic growth. Inflation in September was 6.9%, well above the central bank's inflation target range of 1-3%. An important reason for high inflation is that businesses are reporting a severe labour shortage, which is pushing up wage costs. Canada does have unemployed people, around 5.2% of the labour force.&nbsp;However, the problem is a mismatch between job vacancies, which are mainly of the skilled variety, and the capabilities of job seekers. The only way to quickly plug the gap is by having a liberal immigration policy.
This is exactly what Canada is doing and it's something its peer group should emulate - contrast Ottawa's approach with the rhetoric coming from London. An unusual feature of the current economic woes of developed countries is that they are experiencing a "job-full recession". Rich economies are in the simultaneous grip of slowdown and job vacancies. If this continues for long, it will take a permanent toll on their economic competitiveness. While immigration is a politically touchy issue, the Trudeau government has been able to sell a liberal immigration policy by locating it in the economic self-interest.

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.