Canada Continues to Rely on Immigrants for Economic Growth

Canada is prioritizing immigration during the pandemic

COVID-19 pandemic may have reduced the immigration levels to Canada but the country is still dependent on new foreign immigrants as its benefits are far-reaching and synergistic. Over the years of facilitating open & easy immigration, Canada had reaped the most benefits out of it. 

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Immigration has played a significant role in the economic growth of Canada. The IT and tech industry spawned around Ontario and British Columbia is a direct result of increased foreign skilled immigration. The resource-rich Atlantic provinces of Canada have gained immensely from constant labour supply through immigration. About 50% of all degree-holders in science, technology, engineering and math in Canada are immigrants. 

Canada has also developed into the top three study destinations in the world alongside the USA & Australia. According to an estimate by Statistic Canada, about 600,000 international students come to Canada every year to pursue their higher education abroad. About 50% of students who complete their undergraduate courses and 30% of those who complete their postgraduation courses end up receiving permanent residency in just about 10 years since they first got their Canadian study permit. 

Open & liberal Immigration policies in Canada are also seen in the light of aiding the ageing workforce. According to data from Scotiabank’s Global Economics Provincial Pulse Report, many newcomers to Canada, specifically to central Canada, are younger than the Canadian population as a whole. This helps to offset losses from an ageing Canadian-born population.

Immigrants are not just job seekers in Canada but also job creators with a large number of foreign-born entrepreneurs being preferred Canadian visa and eventually permanent residency. 

Canada’s population is ageing and its birth rate was among the lowest in the G7 before the pandemic. Over time, those factors are expected to limit the pool of workers available to contribute to the economy. Welcoming newcomers helps to offset the economic challenges caused by an ageing population and a low birth rate,” says Marc Desormeaux, senior Scotiabank economist.

Improve your Chances of Qualifying for Canada PR 

The Canadian immigration system is constantly evolving to improve the immigration levels across the region. With major support from Canadian provinces/territories in form of Provincial Nominee Programs and the federal Express Entry system, Canada is all set to welcome over 1.2 million new immigrants over the next three years. Further, demand for foreign entrepreneurs is being created through new provincial pathways inviting seasoned investors, business managers and even international graduates to apply for Canada PR. 

So far in 2021, Canada’s top immigration programs like Express Entry and PNPs have performed exceptionally well. Here’s a quick review of our previous editions of monthly nomination draws review: January 2021, February 2021, March 2021, April 2021, May 2021, June 2021

As an aspirant to migrate and settle in Canada, now is the best time for you to apply. Further, you are also being informed that any misrepresentation on your visa application can cause a ban of up to five years.

Check your eligibility by filling this free assessment online

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Contact CanApprove to minimize application errors and kick-start the process.

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