Immigrants – An Asset to the Canadian Economy!

When compared to the global economy, the Canadian economy has been very stiff not and has not budged much. The month of September showed positive signs of the Canadian economy booming again proving the less impact from the global recession. This makes the country a great place for a new business set up to start in Canada. The main reason for this success has been the immigrants.

According to the Bank of Canada, the downturn is almost over in Canada which is also proven by the Statistics Canada which states that the GDP of the country increased for the first time in 11 months in June. The report also mentioned that more than 27,000 employment opportunities were created in the private sector. This led to an increase in the graph curve of the job market. All the major banks in the country have reported a high in the profits in the last quarter of 2009. In addition, the Canada Mortgage and Housing Corp. (CMHC) has emphasized that the real estate is all set to boom again.

The above instances clearly show the rise in the economy. The reasons for the above have partly been the immigrants, especially for the housing sector. In the last 8 years, the driver for the increased housing sales have been the immigrants where in buying homes is constantly becoming a phenomenon. This is also accompanied by the aging population and the lower fertility rates where in the people look for long term establishments.

Also, the highly skilled migrants to Canada have turned out to be an asset for the country contributing to its economy. This is because new methodologies and skills are brought into the country. Along with it come knowledge, many different languages and culture. This proves to be a strong point especially when its neighbor – the United States is still not out from the recession blows.

Therefore, many employers in Canada are now open to hiring immigrants. They are also taking the necessary action to foresee their appropriate settlement into the country’s job market. These include offering language tutorials, mentorship programs and other networking opportunities.

Thus, if you are planning to immigrate to a better future, Canada scores the highest in the destination to be selected. So, contact an experienced immigration and visa specialist to know more on the same.

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