{"id":1109,"date":"2014-04-16T19:03:00","date_gmt":"2014-04-16T19:03:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2014\/04\/16\/gignac-quebecs-future-rides-on_16\/"},"modified":"2015-06-01T19:41:12","modified_gmt":"2015-06-01T19:41:12","slug":"gignac-quebecs-future-rides-on_16","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2014\/04\/16\/gignac-quebecs-future-rides-on_16\/","title":{"rendered":"Gignac: Quebec\u2019s future rides on Montreal\u2019s immigrants"},"content":{"rendered":"

By Robert Frank<\/b>
\nwww.thesuburban.com<\/a><\/p>\n

They\u2019re young, there\u2019s lots of them, they\u2019re better educated than immigrants to the United States, and they hold the key to our future wealth, Cl\u00e9ment Gignac told hundreds of leading businesspeople from across Canada who gathered in downtown Montreal just before last week\u2019s provincial election.<\/p>\n

\u201cIt\u2019s the lynchpin of our prosperity,\u201d Industrial Alliance\u2019s chief economist told top industry players who attended the annual Montreal Real Estate Forum, together with Mayor Denis Coderre, April 1.<\/p>\n

\u201cRegardless of who wins the April 7 provincial election, it\u2019s very important that Quebec remain open for business and open to talent,\u201d Gignac asserted. \u201cQuebec\u2019s demographic decline makes immigrants particularly important to Montreal. The measure of their presence is crucial for us to predict the city\u2019s economic prospects.\u201d<\/p>\n

The good news, he said, is not just that Canada attracts the most newcomers of any OECD country, proportionate to its population. They also have the highest academic qualifications.<\/p>\n

\u201cMontreal has done well during the past year or so, compared with other large North American cities,\u201d he observed. \u201cAt 3.2 per cent, our annual job creation rate ranks Montreal fifth in North America, after Dallas, Houston, Washington and Toronto.\u201d <\/p>\n

\u201cNonetheless, our purchasing power hasn\u2019t increased as much as other cities, in terms of disposable income per capita,\u201d Gignac acknowledged. \u201cGDP growth has also trailed other Canadian cities significantly, though Montreal has held its own against United States cities in that respect.\u201d <\/p>\n

The Montreal region, which also includes Laval, the South Shore and certain other off-island municipalities, is the economic engine that powers most of the province\u2019s wealth.<\/p>\n

Three weeks ago, The Suburban<\/i> reported that immigrants comprise half the welfare recipients in Laval, Quebec\u2019s third-largest city. Despite their advanced education and willingness to learn and work in French, employers have systematically spurned newcomers to the country. <\/p>\n

Employment Quebec has already begun efforts to sensitize employers to the merits of hiring immigrant workers, given the growing proportion of the province\u2019s population of aging old stock Quebecers who are rapidly reaching retirement age. <\/p>\n

Montreal\u2019s non-francophone population recently edged slightly over half the city\u2019s residents, and approached 40 percent of neighbouring Laval\u2019s populace, according to the 2011 census. At its current growth pace, Laval too could be majority non-francophone when Statistics Canada tallies the next census in 2016. <\/p>\n

\n
<\/b><\/div>\n
\n<\/a><\/div>\n
\n“Quebec\u2019s demographic decline makes immigrants particularly important to Montreal,” Industrial Alliance chief economist Cl\u00e9ment Gignac told business leaders.<\/b><\/div>\n

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