Posted on March 01 2023
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Abstract: Foreign nationals coming to Canada have more chances to be hired compared to Canadian residents.
Canada plans to welcome approximately 1.45 million foreign nationals in the next 3 years. Almost 60% of the foreign nationals arrive in the country under economic class programs. The coming of newcomers provides numerous benefits for the economy of Canada and its society.
International individuals coming to Canada are more likely to be hired compared to individuals born in Canada, due to their skills and age.
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A significant portion of international individuals arriving in Canada are in the age group of 25-54 years, which is considered to be the "core working age." They are suitable participants in the workforce of Canada. The candidates are hired for human capital factors.
Canada is experiencing a workforce shortage due to its aging population, with an increasing number of Canadian citizens retiring. It is the primary reason for Canada to welcome more foreign nationals. The arrival of skilled immigrants helps in sustaining the Canadian economy.
Since 2016, the employment rate among international individuals in Canada has been rising.
Immigration has a vital role to play in the growth of Canada's population. It will make the population of Canada younger. A significant number of foreign nationals are expected to come to Canada in the upcoming years.
More participation of core-aged international professionals will boost Canada's GDP per capita. The labor input will increase due to immigration. An increase in GDP indicates a healthy economy, and results in more hiring and income growth.
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Job vacancies in Canada are at a record high. International professionals having the skills in-demand and human capital factors are more likely to join the Canadian workforce.
The immigration targets of Canada have been raised, as evident from the Immigration Levels Plan 2023-2025. The Canadian authorities expect positive effects for the country both economically and societally.
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Posted On December 09 2023
Third Express Entry Draw of the week invited 5900 candidates to apply for the PR visas