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News Releases

 

Blueprint for Nation Building

RBC’s Nixon tells Albertans immigration and diversity are key drivers for Canada’s future prosperity

CALGARY, October 10, 2006 — Canada’s future prosperity will depend upon its ability to supplement its aging workforce by more effectively utilizing its current and future human capital, according to Gordon Nixon, president and chief executive officer of RBC Financial Group.

Nixon, who was the keynote speaker at an event for the Immigrant Access Fund in Calgary, said, “We can no longer view immigration as a temporary employment agency. We need to start looking at immigration as a blueprint for nation-building, and we must find the right balance between social justice and economic need.”

In his speech entitled “Building a Nation: Canada’s Immigrant & Diversity Imperative,” Nixon used the example of labour shortages in Calgary and the rest of Alberta as a wake-up call for the entire country. In his remarks he discussed the need for smart social planning and an adequate infrastructure to make sure that new Canadians and future immigrants are able to maximize their potential and be part of Canada’s success in the global marketplace.

“We require a coordinated strategy for dealing with our labour challenges,” Nixon added. “We must do a better job of inventorying the skills we need, now and in the future. We must do a better job at developing the right policies and programs so that we can find these people and make sure they choose Canada as their home. And we must also make sure we have the programs and environment where the people we attract can live up to their potential.”

Nixon characterized Canada as being in a global war for talent and stressed the need to attract the brightest and the best such as scientists, entrepreneurs and engineers, emphasizing that Canada cannot just sit and wait for people with the right skills to come here.

While Canada welcomes about 240,000 immigrants every year, the country’s labour force will stop growing in about 10 years – which is why RBC went on record last year, saying that Canada should raise its immigration targets.

However, according to Nixon, simply increasing our immigration levels won’t solve the problem. “We need smart social planning to make sure that future immigrants are properly welcomed, housed and educated and that they are integrated quickly into our workplaces, marketplaces and economy, so that they contribute to economic growth and enhance overall prosperity.”

Nixon has repeatedly called for the recognition of foreign credentials, language training and settlement programs, as well as mentoring and internship programs to provide immigrants with Canadian work experience.

“While governments and NGOs have an important role to play, business has to pick up the ball as well —but so far we’ve been dropping it,” said Nixon. By their own admission, many Canadian companies say that they overlook immigrants in their human resource planning; don’t hire immigrants at the level at which they were trained; and have trouble integrating recent immigrants into the workforce.

The need to attract talented immigrants will play a key role, as economists predict that Calgary is facing a shortfall of as many as 90,000 workers over the next five years, and The Conference Board indicates that by 2025, the shortage across the province will be well over 300,000. With Alberta receiving almost twice as many immigrants as it did ten years ago – around 20,000 – and the majority moving to Calgary, Alberta is a microcosm of a trend that is being seen nationwide: an aging population and a record-low birth rate.

For a copy of Nixon’s speech, please visit www.rbc.com/newsroom. More information on the Immigrant Access Fund can be found at www.iafcanada.org.

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Media contact:
Diana Ward, (403) 292-3372
Beja Rodeck, (416) 974-5506

 

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