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Canada has had the highest quarterly population growth rate since 1957

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Canada has had the highest quarterly population growth rate since 1957

According to Statistics Canada, the country experienced its fastest population growth rate in the past 65 years, with a nearly one percent increase due to immigrants during the third quarter of this year. As of October 1, 2022, Canada’s population had skyrocketed to a staggering 39,292,355 people – an increase of 362,453 individuals since July 1. This was the most noteworthy quarterly growth rate in 63 years since 1957 when it rose by a mind-boggling 1.2 percent! Canada’s population […]

Immigration helps employers combat the labour shortage issue in PEI

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Immigration helps employers combat the labour shortage issue in PEI

The recent Canadian census data reveals that Prince Edward Island is experiencing a steady influx of immigrants and temporary residents, helping employers deal with increasing labour shortages. According to Statistics Canada, PEI experienced an unprecedented influx of settlers in the most recent five-year period, with more than three times as many people settling on the Island compared to earlier figures. A staggering 4,860 immigrants have relocated to the province in the last five years – an impressive figure that is more than three times greater […]

Bank of Canada governor calls on the Government of Canada to boost immigration

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Bank of Canada governor calls on the Government of Canada to boost immigration

Bank of Canada governor Tiff Macklem called for an increase in immigration to compensate for the labour shortage that has caused many job vacancies across the country. At a Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking in Ottawa, he warned against further interest rate hikes unless more workers could be found. He pointed out that due to the persistent labour shortage, businesses have been unable to meet consumer demands. With job vacancies at an all-time high and […]

2022 was a unique year for Canada’s Express Entry immigration system

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2022 was a unique year for Canada’s Express Entry immigration system

The all-program draws were on pause for the opening six months of 2022 and then resumed for five more months until a technical issue caused them to be suspended once again. Only late 2022 showed signs of the Immigration, Refugees and Citizenship Canada’s (IRCC) application backlog being reduced significantly. After seven years of steady growth since the system’s inception in 2015, this was the first year that saw a complete halt. That being said, it is only provisional as record immigration […]

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