The House of Commons will debate Canada's economic growth strategy on September 18, 2023. Canada's real GDP per capita growth has been anemic at 0.5% annually over the past five years and is the fifth weakest among 38 Organisation for Economic Co-operation and Development (OECD) countries.
Canada's per capita GDP growth has been negative over the past year. Real incomes are lower than before the pandemic, with a $1,200 drop in income per person or a $2,830 drop per household compared to 2019.
Canada is not expected to recover its 2019 income per capita until at least 2027.
The OECD forecasts that Canada will have the lowest real GDP per capita growth and will be the worst-performing advanced economy over 2020-2030 and 2030-2060.
#OECD, #economic_growth, #GDP
https://www.theglobeandmail.com/business/commentary/article-canada-economic-growth-strategy/
September 15, 2023
According to a recent report by Statistics Canada, the number of racialized people in Canada increased by 130% from 2001 to 2021 due to immigration.
The study analyzed data from population censuses and found that the number of racialized people increased much faster than the white population, which only grew by one percent.
This has led to a more diverse Canadian population, with one in four people in Canada being from a racialized population in 2021.
Before 1981, racialized people accounted for less than five percent of the population due to immigration policies. However, policy changes led to a shift in Canada's demographic composition.
The study also found that smaller groups within the racialized population have increased their population share in recent years.
#IRCC, #Statistics, #racialized_people, #Immigration_to_Canada
https://www.statcan.gc.ca/o1/en/plus/4433-new-data-changing-demographics-racialized-people-canada
September 14, 2023
Manitoba is developing a plan to increase economic immigration through its new Advisory Council on Economic Immigration and Settlement (ACEIS).
The province is focused on addressing labour shortages, encouraging economic development, and supporting its francophone population.
The Council recommended a strategy to attract more immigrants and business investors, streamline the Manitoba Provincial Nominee Program, and improve newcomer retention.
Manitoba has already taken steps to meet these goals, including requesting additional MPNP allocations, conducting targeted EOI draws, and doubling the investment in the Newcomer Community Integration Support Program.
The ACEIS vice-chair is committed to implementing the Council's recommendations and targeting labour market shortages in Manitoba.
The province is confident its efforts will contribute to economic growth through immigration.
#ACEIS, #MPNP, #Manitoba, #economic_immigration
https://immigratemanitoba.com/aceis/
September 14, 2023
On September 12, 2023, Alberta published the update considering the Alberta Advantage Immigration Program (AAIP) inventory.
According to the new update, there were around 1,895 Alberta Opportunity Stream applications, 548 Rural Renewal Stream applications, 207 Accelerated Tech Pathway applications, 152 Family Connection Stream applications, 142 applications from priority sectors, and less than ten applications under the Dedicated Healthcare Pathway.
Immigration, Refugees and Citizenship Canada (IRCC) allocated a quota of 9,750 nominations to Alberta for 2023 under the AAIP. This year, Alberta invited 2,859 candidates and issued 7,483 nomination certificates.
#Alberta, #AAIP, #PNP, #ITA, #Nomination_certificate, #Express_Entry
September 13, 2023
