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Investment
Canadians Hesitant About Cheap Imports But Support Asian Investment, National Survey Finds
VANCOUVER - Canadians appear to be growing wary of the impacts of globalization. While they still support Canada being open to the inflow of foreign products, capital and people, they are less supportive than they were two years ago. In a national opinion poll released today by the Asia Pacific Foundation of Canada, an overwhelming 71% said they thought Canadian industries should be protected from imports from countries with very low wages.
The survey, undertaken across Canada at the end of March, found that
while a majority of people continue to see a benefit in immigration from Asia,
the main source of immigrants to Canada, the support is down sharply. In the
latest survey, 57% saw the inflow from Asia as beneficial to Canada. However,
in a similar survey in 2006, 78% of respondents agreed that "the overall
impact of Asian immigration on Canada is positive." The decline was evident
right across Canada, but was steepest in Quebec where support for Asian
immigration plummeted from 83% to just 44%.
There is also considerable sentiment against recruiting temporary workers
overseas to help ease labour shortages. Nationwide, 52% were opposed while 44%
were generally in favour. Only in the Prairie provinces was there support for
importing short-term workers. Opinion in B.C., which is facing a shortage of
workers, was evenly split for and against. On the other hand, there was strong
support for encouraging foreign students who study in Canada to stay on to
work here.
Commenting on the results, Yuen Pau Woo, President and Co-CEO of the
Asia Pacific Foundation, noted that the latest survey was taken at a time of
considerable concern about an economic downturn and job losses, especially in
Ontario and Quebec. "Support for globalization tends to follow the state of
the economy, and the survey results reflect current concerns about economic
conditions," Woo said. It will be a test of government leadership to resist
calls for protectionism and to maintain our openness to the world - in trade,
investment and immigration, he said.
While the poll revealed hesitancy about the inflow of people from Asia,
there was strong support for allowing in Asian capital. Almost twice as many
people - 59% in favour to 31% opposed - believe Canada will benefit from more
Asian investment. This support was down only slightly from the response two
years ago. But those polled this time agree with the government that
investment here by enterprises controlled by foreign governments should be
restricted: 64% supported special curbs on government-controlled foreign
business while 25% opposed any special conditions.
Contradicting the general trend of sagging support for a more open
economy, in two areas where Canada is undertaking projects that directly
support globalization - the development of the West Coast Gateway ports of
Vancouver and Prince Rupert and an Atlantic Gateway on the East Coast - public
support was strongly favourable.
The survey for the Asia Pacific Foundation was carried out between
March 15 and March 20, 2008, by Angus Reid Strategies which conducted an
online survey among a randomly selected, representative sample of 2,659 adult
Canadians. The margin of error for the total sample is +/- 2%, 19 times out of
20. The results were statistically weighted according to the most current
education, age, gender and regional Census data to ensure a sample
representative of the entire adult population of Canada. The survey includes
samples of 602 adult residents of Atlantic Canada, 605 adult residents of
Quebec, 619 adult residents of Ontario, and 640 adult residents of British
Columbia. The margin
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