The Financial Post reports in its Tuesday edition that ever since the federal government imposed caps on temporary residents, economists have been talking about how the move might compel businesses to invest more on technology instead of relying on "cheap labour" from abroad. The Post's Naimul Karim writes that concerns around Canada's struggling productivity rate received even more attention last week after Bank of Canada senior deputy governor Carolyn Rogers said the country needs to tackle its poor efficiency numbers to inoculate the economy against future inflation. Economists have lauded the cap as a positive move toward tackling productivity issues and housing shortages, but businesses are worried it could unfairly penalize some industries that are already facing labour shortages and rely on newcomers to fill them. Improving workers' skills, increasing competition and reducing excessive regulation are some other areas that have been talked about. Bank of Nova Scotia economist Rebekah Young, in an analysis released on March 21, said Canadian immigration policies need a reset, instead of a quick fix. Among Ms. Young's suggestions is restricting annual population growth to 350,000, instead of a million-plus.