Recently, Statistics Canada released a new report on provincial labor markets, showing that Canada's economic level in July continued to recover, nearing pre-pandemic levels. Canada added a total of 94,000 jobs in July, just 1.3% below the level in February 2020. Meanwhile, the national unemployment rate fell to 7.5%, matching the level seen in March.
Employment rates in Ontario, Manitoba, Nova Scotia, and Prince Edward Island have risen. Ontario led the job growth in July, adding 72,400 jobs, including 49,000 in the Toronto area, with the unemployment rate dropping by 0.4 percentage points to 8%.
Furthermore, data from Statistics Canada indicates that the labor market participation rate for immigrants is gradually approaching 2019 levels. Although the number of new immigrant arrivals in Canada has decreased since the border closure in March 2020, their employment rate has consistently risen throughout the pandemic. In July, the employment rate for new immigrants reached 69.1%, an increase of 1 percentage point from June.
As is well known, Canada has long faced issues of low birth rates and an aging population, with labor shortages becoming increasingly prominent. New immigrants play a positive role in promoting Canada's economic development. In the short term, new immigrants will help stimulate economic activity and alleviate economic pressure in Canada; in the medium to long term, immigration will be key to Canada's continued prosperity. It can be said that immigration has always been an important part of the Canadian economy, and it is precisely for this reason that Canada has been vigorously attracting and accepting new immigrants.
In fact, increasing immigration is no longer just a "plan" for Immigration, Refugees and Citizenship Canada (IRCC), but has become a "mission." Last year, the Canadian government released a million-immigrant plan, aiming to welcome 1.233 million new immigrants between 2021 and 2023. The target for 2021 is to welcome 401,000 new immigrants. With 144,455 new immigrants recorded in the first half of 2021, Canada needs to accept at least 42,800 new immigrants each month in the second half of the year to meet this goal. Currently, Canada is sprinting toward its 401,000 immigration quota!
It is believed that as the pandemic situation continues to improve, the relaxation of travel restrictions will allow more new immigrants to land in Canada as soon as possible. For applicants who wish to immigrate, now is the perfect time to move to Canada! Those interested in immigrating to Canada should act quickly to seize the current opportunity provided by Canada's million-immigrant plan. With an investment starting from 100,000 CAD, you can immigrate to Canada quickly with low thresholds and low costs, and obtain a Maple Leaf Card for the whole family in one step!
Currently, the application requirements for the Ontario Immigrant Nominee Program (OINP) for employer job offers are relaxed, with no language requirements and no need to take the IELTS test. Investors should act as soon as possible—apply early, enter the pool early, and benefit early—to seize the opportunity of the Ontario employer-sponsored immigration EOI launch. The time to immigrate to Canada quickly with a low threshold is now!
As one of the Top 500 Asian Brands, WorldWay Group possesses a powerful project analysis team, a professional documentation team, and a comprehensive customer service team within the industry. By cooperating with numerous reputable Canadian institutions, we provide investors with professional, comprehensive, and diversified services, sparing no effort to help investors seize the golden period for low-threshold immigration to Canada!
Great news! Canada immigration is offering a full range of rewards. From now until October 31, 2021, apply for Canadian immigration and receive an IELTS gift package. Quotas are limited, while supplies last. For more details, please call the WorldWay service hotline: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
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