Monthly Archives: January 2013

Canadian Government to Provide $400 Million to Bolster Domestic Venture Capital Industry

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The 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 […]

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Federal Immigrant Investor Program to Launch Early This Year

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In an interview in late December, Canadian Citizenship and Immigration Minister Jason Kenney said that he expected his department to launch the Federal Immigrant Investor Program sometime in the first half of this year. The program, which grants permanent residency to those with assets worth over $1,600,000 in exchange for a no-interest five-year loan of $800,000, is currently not accepting […]

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Visitors and Students to Canada From India Booming According to Immigration Department

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The number of visitor visas the Canadian government issues in India’s Punjab region has increased by 300 percent from 2005 levels according to Citizenship and Immigration Canada (CIC). CIC says that approximately 17,608 visitor visas were issued in 2012 by its Chandigarh office, which serves the Punjab region. The growth in the number of Indian visitors to Canada has corresponded […]

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Report Projects Oil Sands to Contribute Trillions to the Canadian Economy

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A 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 […]

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Chinese Immigrants to Canada Call for Beefed up Math/Science Curriculum in B.C.

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The Vancouver Sun reports that a group of Chinese-educated tutors are calling for British Columbia’s Education Ministry to raise math and science standards in the province’s public schools. The group of private tutors say that B.C. students are slipping compared to their Canadian counterparts and to students in other countries in international assessments of math and science aptitude, and this […]

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B.C. Government Unveils New Website For International Students

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On Monday, the provincial government of British Columbia, Canada’s westernmost province, unveiled an updated LearnLiveBC website to promote B.C.’s post-secondary institutions to international students and provide foreign students with information on the educational programs available in the province. As part of the province’s efforts to build upon its strength as a top destination for international students and promote B.C.’s colleges […]

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New Canadian Immigration Program for Skilled Trades Opens

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Citizenship and Immigration Canada (CIC) officially launched the Federal Skilled Trades Program (FSTP) on Wednesday, and plans to admit up to 3,000 permanent residents through the program in 2013. Applicants of the FSTP must meet three general requirements to be eligible for the program: meet the minimum language requirements of the program, have at least two years of full-time work […]

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Toronto Tops CIBC’s Annual Metropolitan Economic Index for Canadian Cities

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Toronto 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 […]

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Canadian Government Proposes Limiting Student Visas to Attendees of Provincially Recognized Schools

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In an effort to stop abuse of the International Student Program by those seeking to work illegally in Canada and stem the growth of a student-visa mill industry that harms the reputation of Canadian educational institutions, Citizenship and Immigration Canada (CIC) on Friday proposed to parliament new regulations that would limit student visas to enrollees of institutions recognized by provinces […]

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Canadian Immigration Department Finalizes Occupation List for Federal Skilled Trades Program

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CICS News has learned that Citizenship and Immigration Canada (CIC) has made a final decision on which occupations will be eligible for the new Federal Skilled Trades Program (FSTP) that is scheduled to open on January 2nd. CIC is expected to announce that the FSTP will give occupations one of two treatments; Group A occupations will be sub-capped at 100 […]

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