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The largest Canadian financial service cooperative, Desjardins released an economic report reaffirming Canada’s high immigration targets and its positive impact on provincial economies, particularly in the western provinces – British Columbia, Alberta, Saskatchewan, and Manitoba.
Immigrants have consistently outpaced Canadian-born workers resulting in 70% of employment gains since 2015. By 2019, nearly every province in Canada recorded higher employment rates for Canada’s new immigrants than for Canadian-born workers.
In fact, there was a surge of employment among Canada’s new immigrants even during the COVID-19 pandemic recovery. The current unemployment rate of new immigrants and Canadian-born workers stands at 5.3% vs 5%, in 2022.
Canada had earlier announced to target more than 1.4 million new immigrants across economic-class programs, family-class programs, and temporary residence programs over the next three years.
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Prince Edward Island Admits the Most Immigrants per Population
The report shows that, if current immigration trends remain consistent, the biggest immigration-related economic gain from higher national immigration targets will occur in provinces will occur in British Columbia, the Prairie Provinces (Alberta, Saskatchewan, and Manitoba), and Prince Edward Island (PEI).
PEI admits the highest number of immigrants per capita of any Canadian province.
The report also noted that immigration will only strengthen the provincial economy if newcomers settle into a community long-term and contribute to the local economy by participating in day-to-day spending.
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- Manitoba in recent times has announced to infuse another $4 million to fund programs for newcomers. Learn how the Praire province is funding new settlement services for retaining Canadian immigrants.
- New Brunswick announced a new program called Study and Succeed to retain international students after graduation. Click to learn more.
- Learn how Alberta updated its eligibility criteria under the provincially-managed Express Entry stream to include more candidates for PR who may establish the presence of family relatives in the province.
- Nova Scotia announced a new orientation program to welcome and settle doctors trained outside of Canada under Action for Health, a strategic plan for 2022-2026 to improve healthcare.
- Why do more immigrants prefer to settle in Atlantic Canada? Click to learn more.
Plan your Immigration to Canada
Canada offers more than 100 economic immigration pathways for newcomers to qualify and immigrate.
Many of them are within the Provincial Nominee Program (PNP). These provincial programs often issue invitations to candidates based on their skill levels, work experience, job offers in the province. Most in-demand skill shortage across Canadian provinces is currently in tech, skilled trades, or healthcare.
There are also a variety of immigration programs that target broader regions in Canada, such as the Atlantic Immigration Program and the Rural and Northern Immigration Pilot Program. These are employer-driven immigration programs and candidates often receive significant support from their employers such as settlement services and access to healthcare.
More programs that allow direct permanent residence pathways to Canada, without a prior job offer or Canadian experience are once again gaining popularity.
Book your appointment with our expert consultants to explore immigration programs matching your academic and work profile.
