As Canada faces an aging population, a new report suggests that the country needs to increase immigration to balance the demographic.
According to the report, the working-age population would have to grow by 2.2% annually through 2040 to maintain the same old-age dependency ratio as in 2022.
To return to the average ratio between 1990 and 2015, the same group would have to grow by 4.5% each year.
While the potential increase in immigration levels has sparked debate over whether the country can handle more newcomers, proponents argue that the labour market can absorb more workers and more working-age Canadians are needed to support the tax base.
Last year, Canada's population grew by over one million people, the fastest rate since 1957.
#Immigration_to_Canada, #Stats, #statistics, #Canadian_population
July 24, 2023
Canada's technology sector is experiencing significant growth, as evidenced by the 32,115 tech workers who immigrated in the past year.
The Technology Councils of North America (TECNA) and Canada’s Tech Network (CTN) report on Tech Workforce Trends shows that this is partly due to the country's immigration policies and cost advantages, which attract highly-skilled workers from across the globe.
Ontario saw the most significant increase in tech workers, while smaller provinces such as Saskatchewan, Newfoundland and Labrador experienced the most rapid growth.
Understanding migration trends is crucial to supporting the tech ecosystem and filling the gap in tech workers for available jobs.
#Tech_Workers, #Foreign_workers, #IT, #TECNA, #CTN
July 24, 2023
Canada Express Entry draws have changed with the introduction of occupation-specific draws, which began with 500 invitations for healthcare workers on June 28.
Immigration, Refugees and Citizenship Canada (IRCC) has issued 10,100 invitations since then, with only 1,500 through all-program draws.
The other invitations included 6,100 for Francophone candidates, 2,000 for healthcare workers, and 500 for candidates in STEM occupations.
Previously, most invitations were issued through all-program draws.
IRCC conducted all-program draws every two weeks with the occasional program-specific draw.
The CRS score has risen into the 500s with the reduced frequency of all-programs draws.
#IRCC, #Express_Entry, #occupation_specific_draws, #EE
July 14, 2023
A recent study in the Journal of International Migration and Integration shows that temporary foreign workers who secure high-paying jobs before immigrating to Canada tend to have higher incomes once they obtain permanent residency.
The study, "The Effect of Pre immigration Canadian Work Experience on the Returns to Human Capital Among Immigrants," analyzed data from principal economic applicants admitted to Canada between 2000 and 2015.
The results indicate that economic immigrants with high pre-immigration Canadian earnings had significantly higher economic returns to education and foreign work experience than those with low pre-immigration Canadian earnings or no pre-immigration Canadian work experience.
#Temporary_Foreign_Workers, #study, #work_experience, #TFWP
https://www.canada.ca/en/employment-social-development/programs/temporary-foreign-worker.html
July 14, 2023
