Increase in immigration thresholds | “It’s not and won’t be desirable,” Fitzgibbon says.

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Quebec’s Minister of Economy and Innovation is closing the door on employers’ organizations requests to raise immigration thresholds to address the labor shortage.

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It aired at 7:00 in the morning.

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André Dubuc

André Dubuc

“There are 240,000 unfilled jobs in Quebec. We have talent resources to fill them and measures to encourage these people to enter the job market. There are 200,000 young people who neither study nor work; There are 180,000 unemployed and 80,000 workers aged 60 and over, which can be added to the workforce, restoring the employment rate of older workers. [celui de] Ontario,” the Minister said in a speech to the Metropolitan Montreal Board of Trade at noon on Friday.

The Minister also argued that it is possible to increase temporary immigration, which is valid for two years and has no borders. In addition, he added that files of 50,000 skilled workers are still circulating at the federal level.

I reject the equation established between labor scarcity and the uncontrolled migration of permanent emigration. A few days ago, the Employers’ Council requested that the threshold be increased to 80,000 people. This is not and will not be desirable.

Quebec Minister of Economy Pierre Fitzgibbon

“The basin is there. There are people available,” he added at a press briefing after the lunch meeting.

Of the 240,000 open positions, 87%, or about 210,000 positions, do not require a university degree. “Therefore, we can requalify our youth with a secondary school diploma or a technique relatively quickly,” said Mr Fitzgibbon.

“Our colleague in the study, Minister Jean Boulet, in the economic update last November, has 2.9 billion at his disposal to combat workforce requalification. The final budget is $1.4 billion. The amount of money allocated to the Ministry of Labor and Employment is extraordinary. »

Before the coalition avenir Québec (CAQ) government came to power, the province received 50,000 permanent immigrants per year. CAQ lowered the threshold to 40,000 before raising it to 50,000. The pandemic has hit. Immigration has fallen. In 2022, the Quebec government aims to welcome 70,000 people to make up for the delay, then return to its annual target of 50,000 admissions.

Asked after lunch, the head of the Chamber of Commerce, Michel Leblanc, did not seem convinced by the minister’s demonstration.

Integration of the existing workforce is a virtue. We agree. The reality is that labor market needs are diverse. Those left out of the labor market obviously do not meet current needs.

Michel Leblanc, Chairman of the Metropolitan Montreal Board of Trade

“There is a time issue on the side of temporary workers,” said Mr Leblanc. “I have business people who say that once they find their candidates abroad, it’s a matter of four to six months or more to get them there. There is a process issue. When it comes to economic migrants, whatever the thresholds are important. I agree with my colleagues that 50,000 immigrants are too low. »

The revival of foreign direct investment

In the early morning hours, Mr. Fitzgibbon attended the announcement of the annual results of Investissement Québec International (IQI), his subsidiary responsible for promoting foreign direct investment (FDI) and supporting local businesses in their sales outside of Québec.

On these two fronts, IQI chief Hubert Bolduc said it was able to achieve the targets set for 2022-2023. In terms of FDI in Quebec, the target of increasing investment by 50% has actually been achieved. Including the results from partner agencies such as Montréal International, the total should exceed $5.6 billion in 2022-2023.


Hubert Bolduc, President of Investissement Québec International

In the fiscal year ending March 31, 2022, IQI’s research and support activities enabled the execution of 121 projects and a total investment of $4.6 billion in Quebec.

In terms of exports, the goal is to double the sales of IQI’s client companies outside of Quebec from 1-2 billion in firm sales. The goal has already been reached.

As a result, the Legault government is looking to increase exports from 15 billion to 20 billion, an ambitious goal that will become achievable, which Investissement Québec big boss Guy Leblanc hopes should be done in about five years, once the battery sector kicks in. years.

IQI brings together 140 of the 1,090 workers employed by Investissement Québec, the investor arm of the provincial government. Among other things, about a hundred additional recruitments are planned in the technological field. IQI is also looking for specialized expertise in private placement.

Source From: Google News

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