Economics
Scotiabank Urges Canada to Close Immigrant Job-Education Gap
- Newcomers wind up in roles that don’t leverage their learning
- Foreign-born workers can face 40% wage penalty as a result
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Immigrant-friendly Canada needs to focus on maximizing the potential of its highly-educated newcomers at prime working age, according to the Bank of Nova Scotia.
Recent immigrants are far less likely to work in positions that leverage their training despite being a group that’s more likely to having university degrees than Canadian-born peers, Rebekah Young, the bank’s head of inclusion and resilience economics, said in a report published Thursday.