Normal Muslim
New York and California

Canadians screwed

Leftists cry about increasing the minimum wage but then open the gates to flood the country with cheap workers:

High immigration rates will allow the Bank of Canada to raise interest rates at a more moderate pace than markets expect, according to the Canadian Imperial Bank of Commerce.

The increased flow of newcomers and their suitability for the needs of the job market “will work to provide the Bank of Canada with some flexibility in the pace of monetary tightening due to the taming impact of new immigrants on wage inflation,” Benjamin Tal, deputy chief economist at CIBC, said Thursday in a report to investors.

Housing prices went up over 25% while Canada imported over 400,000 people last year. Wages are deliberately being suppressed and actual Canadians can't afford to buy a house. This isn't some right-wing conspiracy theory. It's government policy.


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