Bengaluru
The House of Commons will discuss Canada’s strategy for economic growth
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
Canada may reconsider immigration targets
Canada’s Housing Minister and former Immigration Minister, Sean Fraser, hinted that the federal government may consider changes to the country’s high immigration levels. Fraser emphasized the need to align immigration policies with the absorptive capacity of communities, including housing, healthcare, and infrastructure. He also suggested that the government should collaborate with other levels of government and institutions to consider immigration targets carefully. Fraser specifically mentioned the need to review the temporary immigration programs to ensure that they operate sustainably and not in an “uncapped way” based solely on demand.
#Fraser, #immigration_levels
Spousal sponsorship applications to increase by one-third by the end of 2023
In July, the number of spouses and common-law partners who immigrated to Canada remained almost the same as in June. The most recent data from Immigration, Refugees and Citizenship Canada (IRCC) indicates that 6,215 new permanent residents arrived in Canada through spousal sponsorship immigration in July, while 50,015 new permanent residents have arrived through this immigration program by the end of July. This is an increase of 21.6 percent from the 41,145 new permanent residents who came through spousal sponsorships in the first seven months of 2022. If the trend continues, Canada is expected to welcome 85,740 new permanent residents through spousal sponsorships, a 33.7 percent increase from last year’s 64,145 immigrants who arrived through the same program.
#IRCC, #statistics, #sponsorship_applications, #spousal_sponsorship
Newfoundland and Labrador employers recruit foreign workers through virtual fairs
Newfoundland and Labrador hosts virtual Canada jobs fairs to help employers recruit foreign workers to address labour shortages. Employers interested in hiring outside Canada should register for upcoming virtual immigration fairs from September 20, 2023, to March 27, 2024, starting with East and Southeast Asia and Oceania regions. In the first seven months of this year, Newfoundland experienced a 109.5% increase in immigration compared to the same period in 2022, with 3,540 new permanent residents. This makes it the fastest-growing province for immigration during this time.
#Newfoundlan_and_Labrador, #NL, #job_fair