The number of people in Canada illegally is expected to increase substantially in April 2015, when a large contingent of foreign workers see their work permits expire. Their work permits will expire on April 1st 2015 because of a rule enacted on April 1st, 2011, that created a four year limit on cumulative time a foreign national can spend in Canada as […]
Read moreA report released on Monday by the Conference Board of Canada, one of the country’s most respected public policy research organizations, predicts that mining in Northern Canada will support an additional 43,000 to 70,000 jobs in the region by 2020. The report estimates that the value of the annual output of mining activity in the North will grow at an […]
Read moreIn the second part of our series on the recently released Statistics Canada report on the income of immigrants, we delve deeper into the data and look at how various economic class immigration programs compare for immigrants who arrived between 1986 and 2010. The first part can be found here. Among the most important immigration-related issues for the federal government […]
Read moreCitizenship and Immigration Canada (CIC) announced today that the Start-Up Visa, which will grant permanent residence to entrepreneurs who receive funding from Canadian venture capital firms, will launch on April 1st. “Our new Start-Up Visa will help make Canada the destination of choice for the world’s best and brightest to launch their companies. Recruiting dynamic entrepreneurs from around the world […]
Read moreThis is the first of our two part series on the recently released Statistics Canada report on the income of immigrants. We analyse income trends for immigrants from different regions of the world who arrived between 2006 and 2010. The second part of this series can be found here. Data released last month by Statistics Canada shows large variance in […]
Read moreA report by the Canadian Federation of Independent Business (CFIB), which represents Canada’s small and medium sized businesses, estimates that the country’s regulatory burden costs Canadian businesses nearly $6,000 per employee per year, with the cost falling heaviest on small businesses. The report, done in partnership with auditor KPMG, also found that compliance costs are higher in Canada than the […]
Read moreThe Harper government announced on Monday that it will inject $400 million in Canada’s venture capital industry as part of the Venture Capital Action Plan. The goal of the plan is to encourage the creation of large venture capital funds that specialize in investing in early-stage, high-growth startup companies in Canada. “Our Government understands that Canada’s long-term economic competitiveness in […]
Read moreA comprehensive report on the challenges and opportunities of Canada’s oil sands by auditing giant Deloitte projects that the hydrocarbon deposits will contribute an estimated $2.1 trillion to Canada’s GDP over the next 25 years. The economic benefits of the added wealth include up to $783 billion in extra tax revenues over the period, which will provide a significant boost […]
Read moreToronto leads all Canadian cities with a score of 20.6 points in the most recent CWM Metropolitan Economic Activity Index, which rates the economic activity of Canadian cities according to nine economic variables selected by CIBC’s World Markets subsidiary. The indicators used in formulating the Index score include a city’s unemployment rate, population growth, bankruptcy rate and housing starts growth […]
Read moreAccording to Statistics Canada’s population clock, Canada’s population passed 35 million last week, a notable landmark in the country’s developmental history, from a sparsely populated British colony in the 19th century to an emerging economic force in the world today. The data shows that the annual population growth rate in the country has averaged 1 percent over the last decade, […]
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