TORONTO — A new report from RBC Economics says the growing wage gap between immigrants and Canadian-born workers is costing the country $50 billion each year.The study finds that new Canadians earn 10 per cent less on average than workers born on Canadian soil, a gulf that spans age, gender, region and occupation.Dawn Desjardins, deputy chief economist at RBC Economics, says the problem stems back to a failure to adequately recognize credentials and work experience abroad.About 38 per cent of university-educated immigrants aged 25 to 54 work at a job that fits their education level, compared with more than half of their Canadian-born counterparts.The gap in median earnings between the Canadian-born and those born elsewhere has risen over the past three decades, climbing to 10.3 per cent in 2016 from 3.8 per cent in 1986.Desjardins says the government should upgrade its credentials assessments, help employers recognize foreign work experience and devote more resources to aiding immigrants’ transition into the workforce.Immigrants make up one-fifth of Canada’s population, a number that’s expected to rise to 28 per cent by 2036. Companies in this story: (TSX:RY)The Canadian Press
Expressing concern about the increase in violence in Bahrain, United Nations Secretary-General Ban Ki-moon has condemned the recent bomb attack at a mosque in Riffa and has reiterated his call on all parties in the country to engage in an all-inclusive dialogue to ease tensions.In a statement issued by a UN spokesperson in New York, the Secretary-General condemned the bomb attack at a mosque in Riffa, which is south of the Bahraini capital, Manama. According to news reports, a car bomb exploded Wednesday outside the mosque, which was filled with worshippers attending late-night prayers. “The Secretary-General reiterates his call on the Government and people of Bahrain to engage in an all–inclusive, meaningful dialogue in order to defuse tensions, promote reforms and foster reconciliation,” the statement said.Mr. Ban has repeatedly called for dialogue among all parties in Bahrain since civil unrest, including clashes between security forces and demonstrators broke out in early 2011, when widespread protests first emerged in the country. This past January, he welcomed the initiative by the King of Bahrain to convene a national political dialogue, as well as the positive response to the proposal from opposition groups in the Persian Gulf nation.