Economic gains work out to an average annual income boost of $220 per Canadian, according to a new report.
Analysis says the federal books will add $90.8 billion to public debt over five years, lower than a previous $113.2 billion forecast.
Analysis reveals overqualification rate among 25 to 34 has increased by 8% compared to 25 years ago.
More foreign workers are filling skilled positions as the percentage of low-skilled jobs has declined.
Parliamentary Budget Officer warns the government risks falling back into deficit once economic growth slows.
Economy likely to advance by 2.1% this year and remain above potential growth rate until 2018.