With almost 250,000 people immigrating per year, Canada has the highest immigration rate per capita in the world. As huge the number sounds, it still isn’t enough to fill the labour shortage in the country. Canada aims to get ahead of competitors and attract most talented people in the world, but the inability of the companies to fill available jobs has actually laid an impact and hindrance on their plans of economic growth.
The Royal Bank of Canada presented a report which mentions that an estimated 40,000 workers are needed each year to ensure the continued economic growth of the country. If companies fail to get the right people, they won’t be able to get their products and services to the market. If jobs go unfilled and human resource is way less than needed, it will undoubtedly give the economy a dent and eventually lead to economic stagnation. According to the Conference Board of Canada, by the year 2020, an estimated 3 million skilled workers shortage will occur if the country will not raise its efforts to address this issue.
If you are planning to settle somewhere abroad, Canada might just be the place for you!
People are willing to bid their hometowns a goodbye to live a life in the country for all good reasons. Canada really has a very practiced citizen rights and living standards to provide to all it’s inhabitants.
