Category Archives: Canadian economy

Canada’s skills gap continues to widen, according to study

According to a new study from global recruiting firm Hays PLC, which surveyed the skills gap in 30 developed countries around the world, Canada ranks ninth for the severity of its skills shortage, and its score deteriorated in the past year. Countries such as Japan, the United States, Germany and Sweden top the list in skilled worker shortage. The report highlights […]

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Canadian Economist Calls for Employment-Based Immigration Selection Process

A new report by Canadian economist and former Member of Parliament Herbert Grubel calls for Canada’s point-based immigration selection process to be completely replaced with one based on employment. Grubel, who is a Fraser Institute senior fellow and a professor emeritus of economics with Simon Fraser University has been a longtime proponent of placing more limits on immigration, a position […]

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Immigration Boosting Canadian Housing Sector -Analysis

A new economic analysis credits immigration for keeping Canada’s housing sector growing amid a slowdown in the developed economies. As reported by the Globe and Mail, a National Bank of Canada (NBC) report on the Canadian housing market finds that the so-called ‘household forming cohort’, which is the segment of the population aged 20-44, is growing much faster in Canada […]

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Canada comes in top 5 among G20 in Entrepreneurship Ranking

A new report by Ernst & Young places Canada’s entrepreneurial ecosystem in the top five among the G20 countries. The G20 Entrepreneurship Barometer 2013 ranks a country’s entrepreneurial environment according to its score in five sub-categories: access to funding, entrepreneurship culture, tax and regulation, education and training, and coordinated support between government, academic institutions and the private sector. The formulation […]

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Montreal Tops List of Best Cities for International Students

An index commissioned by the Bank of Communications (BoCom), one of the largest banks in China, places Montreal, Canada as the best city in the world for international students. Other Canadian cities that ranked well include Toronto (4th) and Vancouver (15th). Created by the Economist Intelligence Unit (EIU) with design input from BoCom management, the Sea Turtle Index (a name […]

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Canada Has The Best Reputation In The World According To New Survey

A new study on national reputations, called RepTrak, finds Canada has the best reputation of any country in the world. It’s the third year in a row that Canada has taken the top stop in the annual survey. RepTrak, which is conducted by the Reputation Institute, surveyed more than 27,000 people from G8 countries to create its rankings. Explaining the […]

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Canada Top Country for Immigrant Businesses – Financial Post

An article featured in last Friday’s Financial Post makes the case for Canada being one of the best countries in the world for immigrants to start a business. Among the factors that make Canada such a welcoming place for immigrant entrepreneurs are its business friendly environment and immigration program, says author Chris Riddell: The World Bank labelled Canada the best place […]

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Ontario Government Objects to New Federal Job Grant Program

The provincial government of Ontario says the diversion of federal funds from existing employment and training programs to the new Canada Job Grant program would threaten vulnerable workers including youth and new immigrants. The Canada Job Grant program will spend $300 million in federal funds per year and will require matching funds from provinces and territories. The program will provide […]

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48% of Canadian Millionaires From Immigrant Families

A new survey by BMO Harris Private Banking finds that nearly half of Canadian millionaires are either immigrants or have at least one parents born outside of the country. The findings suggest a high degree of entrepreneurialism among the Canadian immigrant population, and contrasts with the theme of a recent special contribution to the Vancouver Sun that argues immigrants cost […]

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Vancouver Sun: Immigration Costs Canada $20 Billion a Year

In a special to the Vancouver Sun on Tuesday, a Simon Fraser University professor of economics, Herbert Grubel, argues that immigration costs Canadians up to $20 billion a year when all the costs and benefits are tallied. Grubel, who is also a senior research fellow at the Fraser Institute, goes through some of recent findings on the economic effects of immigration […]

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