Y-Axis Immigration Services

Sign up for free

expert consultation

Down Arrow

I accept the Terms & Conditions

Icon
Don' know what to do?

Get Free Counseling

Posted on May 09 2019

All net growth in workers for 22 years by immigrants: CBC

profile-image
By  Editor
Updated May 10 2023

Conference Board of Canada has said that immigrants will be responsible for the total net growth in workers during 2018 and 2040. Immigration is the best way to ensure a high standard of living and economic growth in the nation, it adds. This is along with efforts to enhance the participation of groups that are under-represented d in the labour force, said CBC.

The latest study by CBC is titled ‘Immigration is Key to Canada’s Growth Strategy: Can’t Go It Alone’. It considers several labour force scenarios for the period 2018 to 2040 prior to arriving at its conclusion.

The CBC study examined 4 scenarios to overcome the projected gap of workers in the labour force. The first scenario was counterfactual and imagined Canada with no immigrants for the next 22 years. In the next 3 scenarios, the results of the immigration level of 1% were considered. This is along with enhanced participation of 3 groups with a chronic and large gap in representation of the labour force. These are persons with disabilities, indigenous peoples, and women, as quoted by the CIC News.

The study concluded that the 4th scenario was the best pathway ahead for Canada. This combined steady increase in levels of immigration and increased participation of the 3 underrepresented groups in the labour force. It would result in an addition of 5.9 million workers to the labour force.

Immigration at a yearly rate of 1% of the population of Canada by 2030 remains a formative solution for overcoming the scarcity of workers, says the study. This will account for all net growth of the labour force in Canada with 3.7 million workers. It will also be responsible for 1/3rd of economic growth of the nation for the next 20 years.

Y-Axis offers a wide range of Visa and Immigration products as well as services for aspiring overseas students including Study Visa for Canada, Work Visa for CanadaCanada Migrant Ready Professional Services for Express Entry Full ServiceCanada Migrant Ready Professional Services for Express Entry PR Application,  Canada Migrant Ready Professional Services for Provinces, and Education Credential Assessment. We work with Regulated Immigration Consultants in Canada.

If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

If you found this blog engaging, you may also like…The contest is now on to apply to Canada PGP

Tags:

Canada immigration news

Share

Options for you by Y-Axis

phone 1

Get it on your Mobile

mail

Get News Alerts

contact 1

Contact Y-Axis

Latest Article

Related Post

Trending Article

Belgium Citizenship

Posted On December 14 2024

Belgium Approves 45,500+ Citizenship Applications in 2024. Apply now!