Published by Financial Post on Feb 15, 2023
Victor Dodig, chief executive of Canadian Imperial Bank of Commerce, said Ottawa’s decision to significantly increase immigration levels without first shoring up housing supply risks triggering the country’s “largest social crisis” over the next decade unless something is done soon to resolve the issue.
“New Canadians want to establish a life here, they need a roof over their heads. We need to get that policy right and not wave the flag saying isn’t it great that everyone wants to come to Canada,” Dodig said at event hosted by the Canadian Club Toronto on Feb. 14. “The whole ecosystem has to work. If they can’t get a house, if they can’t get a doctor, if they are struggling to get a job, that’s not so good.”
“New Canadians want to establish a life here, they need a roof over their heads. We need to get that policy right and not wave the flag saying isn’t it great that everyone wants to come to Canada,” Dodig said at event hosted by the Canadian Club Toronto on Feb. 14. “The whole ecosystem has to work. If they can’t get a house, if they can’t get a doctor, if they are struggling to get a job, that’s not so good.”
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