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Market
How will Canadian businesses respond to new regulations on low-wage temporary foreign workers by end of 2024?
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Resolution / Starting Odds
Increase in hiring local workers • 25%
Lobby against regulations • 25%
Increase in automation • 25%
Relocation of operations • 25%
Surveys and reports from Canadian business associations and labor market studies
Story
Canada to Halve Low-Wage Temporary Foreign Workers, Limit Stay to 1 Year
Aug 26, 2024, 02:28 PM
The Canadian government, led by Prime Minister Justin Trudeau, has announced plans to significantly reduce the number of low-wage temporary foreign workers allowed into the country. This decision comes amid concerns over the program's rapid expansion and allegations of fraud and abuse. The government intends to cut the low-wage stream of temporary foreign workers in half, reducing their maximum share of the workforce from 20% to 10% and limiting their stay from two years to one year. Trudeau emphasized the need for Canadian businesses to invest more in local workers and youth, citing changes in the labor market. While the new rules will impose stricter regulations, essential sectors such as healthcare will be exempt from these changes.
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Housing • 25%
Labor Market • 25%
Healthcare • 25%
Education • 25%
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Stricter immigration controls • 25%
No change • 25%
More lenient controls • 25%
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No significant response • 25%
Hiring freeze • 25%
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Hiring increase • 25%
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Policy becomes stricter • 25%
Policy becomes more lenient • 25%
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Rolled back • 25%
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No significant change • 25%
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Other outcome • 25%