BlogBusiness ImmigrationCanadian Immigration ProgramsFamily Re-unificationFamily Reunification in CanadaCanada’s immigration program and Adam Smith: grappling with the laws of supply and demand
28 May 2024
Adam Smith is often considered the father of modern economics and a significant proponent of the law of supply and demand. This economic theory postulates that when supply of a good is in abundance prices will fall and when the supply is diminished that prices will rise. Applying the principles of supply and demand to Canada’s immigration program, the Department of Immigration, Refugees and Citizenship Canada (IRCC) is in the enviable position of being able to “set their price” by being choosy as to who, how and when they will select which applicants to be able to come to Canada. A quick review of a few of our current immigration programs demonstrates this reality.
