November 2, 2022
1 min read

Canada to welcome record 500,000 new immigrants

According to a statement from the Immigration Ministry, the Canadian economy is now facing critical labour market shortages causing uncertainty for Canadian businesses and workers…reports Asian Lite News

The Canadian government has revealed its immigration plan to welcome half a million immigrants each year by 2025 to tackle the problem of labour shortage.

Minister of Immigration, Refugees and Citizenship Sean Fraser on Tuesday released Canada’s 2023-2025 Immigration Levels Plan which embraces immigration as a strategy to help businesses find workers and to attract the skills required in key sectors.

According to a statement from the Immigration Ministry, the Canadian economy is now facing critical labour market shortages causing uncertainty for Canadian businesses and workers.

The ambitious immigration plan will manage the social and economic challenges Canada will face in the decades ahead.

Last year Canada welcomed over 405,000 newcomers, the most in a single year.

According to the plan, the government is continuing that ambition by setting targets in the new levels plan of 465,000 permanent residents in 2023, 485,000 in 2024 and 500,000 in 2025.

“Our plan has a focus on economic growth,” Fraser said.

“By the third year of this plan, 60 per cent of new immigrants will be admitted under economic immigration categories.”

The plan also brought an increased focus on attracting newcomers to different regions of the country, including small towns and rural communities.

Immigration accounted for almost 100 per cent of Canada’s labour force growth and by 2032 it’s projected to account for 100 per cent of the country’s population growth, the release said.

According to the statement, Canada’s worker-to-retiree ratio is expected to shift from seven to one 50 years ago to two to one by 2035.

ALSO READ: Indian students being exploited in Canada for ‘cheap labour’

Previous Story

Dubai issues first multi-entry visa to FIFA WC fans

Next Story

Lula picks running mate to lead transition

Latest from -Top News

Uganda’s President Museveni to seek reelection

The upcoming general elections will not only determine the presidency but also see voters elect lawmakers to the national assembly Uganda’s President Yoweri Museveni is set to seek reelection for another term

Eritrea seeks to end UN probe into abuses

The mandate in question is held by the Special Rapporteur, a position currently occupied by Sudanese human rights lawyer Mohamed Abdelsalam Babiker In a rare and potentially precedent-setting move, Eritrea is attempting

Alps Turn to ‘Swiss Cheese’

Switzerland’s reliance on glacial runoff for hydroelectric power faces growing risk — as glaciers shrink, short-term water flow may rise, but long-term shortages could threaten energy and water supplies. Switzerland’s glaciers —

Burn Notice for Europe

As summer unfolds, Europe is bracing for what may be the first of many extreme heatwaves. Europe braced for its first major heatwave of the northern hemisphere summer on Saturday, with soaring
Go toTop

Don't Miss

Sikh family of 3 set to be deported from Canada

The couple fear that once they leave, a comeback will

India, Canada to boost momentum in commercial ties

During the India-Canada Strategic Dialogue, both ministers expressed interest in