Gordon Nixon, leader of the Royal Bank of Canada, believed that immigrants are one of Canada's maximum "competitive advantages" at a conference on novelty in Toronto.
"This is a country that to a big degree has been billed by newcomers willing to take risks," Nixon said.
Nixon wasn't the only presenter who said that immigration leads to more novelty which benefits the Canadian financial system. Louden Owen, managing associate for endeavor capital firm Mclean Watson Capital, said that immigration is answer to making Canada competitive on the world stage.
"I totally believe that continuing immigration is going to turbo-charge this financial system going forward," Owen stated.
Owen also said that immigrants bring new ideas from their habitat countries and are more tending to work hard to succeed. Canada has previously benefited from immigration, much like its neighbor to the south, the United States.
The Canada skilled immigration program award permanent residence to those who achieve enough points under the skilled worker program. You gain points based on skills, qualifications, work experience, etc. In contrast it is normally a lot trickier for highly skilled workers to gain a green card for the US. Because of this very important difference Canada has easier right of entry to new immigrants who are a significant source of new ideas which leads to greater modernism in Canada.
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