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The Advisory Council on Economic Growth, chaired by McKinsey & Co.’s Dominic Barton (pictured here), will deliver its first three recommendations to Finance Minister Bill Morneau in Ottawa on Thursday. (Paul Chiasson/THE CANADIAN PRESS)
The Advisory Council on Economic Growth, chaired by McKinsey & Co.’s Dominic Barton (pictured here), will deliver its first three recommendations to Finance Minister Bill Morneau in Ottawa on Thursday. (Paul Chiasson/THE CANADIAN PRESS)

Advisory group's economic blueprint calls for dramatic increase in immigration, foreign investment Add to ...

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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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