BC issued 195 invitations under the BCPNP

BC issued 195 invitations under the BCPNP

BC issued 195 invitations under the BCPNP
On August 9, 2023, the Government of British Columbia issued new invitations under the British Columbia Provincial Nominee Program (BCPNP) and invited qualified Skills Immigration candidates. In the general draw, the province invited 139 candidates. The minimum score for candidates invited in this draw was 88-110 points. The province issued 34 ITAs to candidates under the childcare-targeted draw for early childhood educators (NOC 42202). In the Healthcare-targeted draw, BC invited 22 candidates who scored 60 points. In total, British Columbia issued 195 ITAs in this draw. This year, British Columbia has already invited 6,460 candidates.

British_Columbia, #BCPNP, #EEBC, #Skills_Immigration, #PNP, #ECE

Alberta updated the AAIP inventory and invited new candidates
On August 9, 2023, Alberta published the update considering the Alberta Advantage Immigration Program (AAIP) inventory. According to the new update, there were around 1,176 Alberta Opportunity Stream applications, 405 Rural Renewal Stream applications, 295 Accelerated Tech Pathway applications, 196 Family Connection Stream applications, 147 applications from priority sectors, and less than ten applications under the Dedicated Healthcare Pathway. In addition, on August 3, 3023, the AAIP invited 201 candidates who scored 315 points under the Family Connection Stream. This year, Alberta invited 2,270 candidates and issued 6,527 nomination certificates.

Alberta, #AAIP, #PNP, #ITA, #Nomination_certificate, #Express_Entry

Higher immigration levels negatively impact Canada’s GDP
Canada’s population grew by 40.6 percent between 1990 and 2022, with rising immigration rates. However, despite having a higher relative population growth, Canada falls behind other highly-developed countries such as Switzerland, Norway, and Sweden regarding per-capita gross domestic product. According to a recent TD Economics study, this has impacted Canada’s standard-of-living curve, which has fallen behind for the last few decades. This could be traced to the country’s decades of stunted productivity growth, mainly stemming from low business investment in plant, equipment, and technology. The core of Canada’s immigration system is the economic stream, which brings in skilled foreign workers with more earning potential, education, and skills. However, this goal was inadequately met from a policy standpoint, and the post-2015 Liberal government’s reduction of economic immigrants’ share among the annual immigrant inflow further diluted the immigration system.

GDP, #TD, #immigration_levels, #population_growth

A recent study emphasizes the significance of maintaining a balanced approach to Canadian immigration levels
Canada’s population grew by 1.2 million people in the past 12 months. While this has positively impacted the labour market and economic growth, there are concerns about the negative effects on other parts of the economy. According to a recent study, a continued high-growth immigration strategy could lead to a housing shortfall of half a million units in just two years. Despite current government policies to accelerate construction, there may need more time to adjust the supply. Additionally, due to population growth, the neutral interest rate may need to be raised by 50 basis points. While the population surge can lead to higher profits, labour income, and tax revenues, policymakers must consider whether the economic and social infrastructures can handle the growth and how to integrate new Canadians into the workforce better.

TD, #immigration_levels, #population_growth, #Canadian_Population