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The economic impact of immigration is an important topic in Canada.Two conflicting narratives exist: 1) higher immigration levels help to increase GDP [1] [2] and 2) higher immigration levels decrease GDP per capita or living standards for the resident population [3] [4] [5] and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities ...
[12] [13] There was also a 73% increase in the number of entries and re-entries into the country in the 2002-2008 period. The expansion of the TFWP to accommodate workers in lower-skilled occupations has been influenced by general increased employer demand of lower-skilled workers, particularly in the oil, gas, and construction sectors.
Canada receives its immigrant population from almost 200 countries. Statistics Canada projects that immigrants will represent between 29.1% and 34.0% of Canada's population in 2041, compared with 23.0% in 2021, [1] while the Canadian population with at least one foreign born parent (first and second generation persons) could rise to between 49.8% and 54.3%, up from 44.0% in 2021.
In 2024, job growth continued to cool off, settling back into a familiar gait that was roughly in line with the pace of job creation in 2010-2019. The final jobs report for 2024 lands Friday. Here ...
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
To obtain an LMIA, an employer must send an application to the Temporary Foreign Worker Program administered by Employment and Social Development Canada. [ 3 ] There are some exceptions which allow a Canadian employer to hire a foreign worker and for the foreign worker to be issued a work permit without an LMIA confirmation.
The IRCC reports that as of December 2019, there were a total of 642,480 international students in Canada at all levels, representing a 13% increase from the previous year. [25] Most international students are post-secondary students, with over 120,000 of college student permit holders reported in 2018 and the statistic released by GAC for 2018 ...
A sweet treat: Peet's Coffee will be giving out free mochas on New Year's Day at Peet's retail coffeebar locations starting 12 p.m. local time with the code "Mocha Mousse."