Migrants have been playing a key role in the growth of the national economy of several top global economies, including Canada. The good news is that, unlike most other hotspots, Canada understands and appreciates this well.
Check this news report shared here under and figure why we say so!
Drawing heavily from a recent report by the Conference Board of Canada, the in-office Canadian federal Immigration Minister, Ahmed Hussen has, reportedly, stated that in the matter of the future of Canada immigration, it’s not any longer a question of why immigration but what should be the number of migrants allowed entry.
Underlining the importance of immigration the minister further said that without it, it would be next to impossible to grow and advance the Canadian economy further.
As per the available information, the report makes the case that an immigration rate of 1% of the nation’s population by the year 2030 would aid counterbalance the hurdles presented by an aging populace, and contribute 33% of the country’s anticipated average yearly real GDP growth rate of 1.9 % that year. Referring to this, Hussen reportedly added that in a multi-trillion dollar economy, that’s large.
The minister further said that during 1971 there were six working Canadians for every retiree, a ratio that had nose-dived to 4:1 in 2012 and may nose-dive further to 2:1 by 2036 in case immigration levels weren’t improved. The minister also asked how the nation would maintain what it has with a ratio of 2:1 while pointing to some social schemes, such as public health care and pensions and also infrastructure.
The nation’s multi-year levels immigration plan, started during the year gone by, is reportedly responding to this rising demographic test, the minister pointed out, and will increase the nation’s rate of immigration to 0.9% of the Canadian populace by 2020. Hussen added that 60% of this immigration will be in the economic class to fill labour market chasms and also skills chasms.
Express Entry Offering Invites to Highly Skilled Manpower More
The minister also reportedly flaunted the deep impact brought about by the improvements made to the federal administration’s Express Entry economic immigration structure started during the late 2016 that reportedly witnessed the figure of bonus points for a job offer cut down, besides additional improvements.
As per the Immigration, Refugees and Citizenship Canada (IRCC), the changes pointedly shifted the figure of invitations for Permanent Residence (PR) given via Express Entry in favor of the aspirants with higher alleged human capital totals, viz. aspirants in Express Entry’s Federal Skilled Worker Class.
At present, immigrants represent a major share of the extremely trained employees in the Maple Leaf Country, Hussen reportedly stated, filling half of the entire Science, Technology, and Engineering and Math (STEM)-associated work openings in the country.
He also reportedly observed that the immigrant entrepreneurs are also assisting generate jobs – and the openings of the future – in the Maple leaf Country even as some of the most creative and groundbreaking entrepreneurs of Canada are immigrants.
Atlantic Immigration Pilot
The dangers of population drop and labour scarcities are visible in the different Atlantic Provinces of the nation even as the administration is working with the region’s provincial administrations to manage them, via the Atlantic Immigration Pilot (AIP).
The minister pointed out that the employer-driven AIP enables the recruiters/firms to draft overseas manpower minus the requirement for a Labour Market Impact Assessment, in exchange for a settlement plan that inspires the labor force and their families to live in the Atlantic Canada area.
He also spoke about the issue of retention in the area when he reportedly said that attraction of employees is not the main subject, the issue is retention. As if to drive the message home further, he spoke about the Canadian provinces of Ontario & Alberta, and stated that the retention rate there in was 90% when in the Atlantic Canada, it stood at only 60%.
Lessons from Atlantic Pilot for New Areas
The minister also spoke about the useful lesson picked up when he stated that guaranteeing that the newcomers were effectively integrated was vital not only in Atlantic Canada but through the nation even as the AIP will use the lessons learnt in other regions of the Maple Leaf Country, such as Northern Ontario and rural regions of the nation, the regions that were also facing population tests and required labor force.
