Canada’s Economy Will Benefit Well From Increased Immigration Rates, Says Country’s Business Leaders

One of the things that makes Canada a force to reckon with is that it is doing its best and working hard towards ensuring that it becomes the most ideal home for all of the brightest and the best global talent who belong to all the different industries. This is what the country is doing to ensure that it is able to attract these top individuals and have them decide to become immigrants in Canada.

 

What business owners say

 

Recently, the Business Council of Canada has done a study and a report about the results has been published. The study was done with 80 businesses in Canada as respondents for the survey, and the topic was how these businesses use the immigration programs of the country to bring in the skilled workers that they need. Those businesses that were included in the survey have a cumulative total of more than 1.6 million employees.

 

According to the results, 2/3 of the businesses have said that they use the immigration system of the country to help them recruit the talent that they need from outside the country. The rest of the lot disclosed that they hire immigrant workers who are already living in the country.

 

The need for more immigrant workers

 

At present, the vacancy rate in the country has reached record-breaking numbers. Businesses in Canada have to deal with labor shortages and experts who have looked into the situation are saying that the number may continue to increase until 2030. By that time, more than 9 million Canadians would have reached retirement age which is 65 years old. That means fewer people in the labor market. And given the low birth rate in the country, the labor shortage would definitely continue.

 

The study done by the BCC also disclosed that all businesses that took part in the survey said that the labor shortage in Canada is widespread. They all are having difficulties finding the right skilled workers that they need to keep their businesses running smoothly and this is for all industries. The areas with the most labor shortages are British Columbia, Quebec, and Ontario.

 

The tech industry in the country has been one of the hardest-hit industries in Canada. The industry is continuing to grow and there is a huge demand for skilled workers all around the globe. Those individuals who have been practicing computer science, information technology, and engineering are among those that are in high demand. It is important to note though that this is something that this industry has been dealing with for a number of years already, even before the pandemic hit. Getting help from the government with the labor shortage can make the industry become even stronger.

 

 

 

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