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Saturday, October 16, 2010

Globe and Mail - Immigrants drive innovation, study finds

Great article in The Globe and Mail clearly illustrates the value of immigrants to the Canadian economy. Look at the simple math:

"Immigrants boost trade. The study’s models show every one-percentage-point increase in the number of immigrants to Canada can increase the value of imports into Canada by 0.21 per cent, and raise the value of exports by 0.11 per cent.

In practical terms, that means that an additional 217 immigrants from Japan could boost annual exports to Japan by more than $11-million. That holds true even with smaller trading partners – if one more Cape Verdean immigrates to Canada, that would increase exports to Cape Verde by about $300."

Read the entire article by Tavia Grant here.

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