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The Canadian Institute for Identities and Migration, a Montreal-based think tank, said 40,545 permanent residents entered Quebec last year, down from 51,125 in 2018. Ontario increased its intake by 11.5 per cent to 153,340. But Quebec brought in 32 per cent more temporary workers in 2019 than the previous year, mostly in agricultural and service industries—the largest provincial increase. (Montreal Gazette)

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Talking point: The now-ruling Coalition Avénir Quebec party promised during the 2018 provincial election to cut immigration levels by 20 per cent, saying the existing system wasn’t good at selecting skilled workers to fill in-demand jobs. But the institute’s data shows a particular decline in arrivals of technical professionals, with the numbers of computer engineers and programmers and IT analysts and consultants dropping by at least a third. In December 2019, my colleague Martin examined the effects of Quebec’s new immigration policy on the province’s innovation economy, finding key members of its post-secondary education community and tech sector opposed to the changes.

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The robo-advising firm said families can sign up for Registered Education Savings Plans (RESPs) from home in 10 minutes in lieu of signing up at a bank. Wealthsimple said this will help low-income families and it hopes to reach one million children within 10 years. (The Logic)

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Talking point: The RESP market has largely not been disrupted in Canada, even though there’s a lot of money to be made in those investment vehicles. RESP money is tax-free, and the government will contribute up to $7,200 in matching funds. Wealthsimple relaunched its RESPs in March 2017, promising a simpler investing process. Reaching low-income families isn’t just about making the process simpler—although millennial parents may prefer the ease of online services—it’s also about reaching people who typically use fewer banking services. One thing that may help Wealthsimple reach that group is a new partnership, as part of the foundation, with Pathways to Education, an organization that provides scholarships for post-secondary education and mentoring for low-income kids.