A group of external advisers to Finance Minister Bill Morneau will call on the government this week to dramatically increase the level of immigration and foreign investment coming in to Canada to stimulate a sluggish economy in future years.
Their recommendations include increasing immigration by 50 per cent to 450,000 people annually over five years while easing the process for high-skilled and entrepreneurial foreigners to come here; building a new department to entice foreign direct investment into Canada; and creating an arm’s length infrastructure bank. The recommendations were confirmed by several senior sources who spoke with The Globe and Mail.
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