Hiring more foreign talent to balance the Canadian labour market

Hiring more foreign talent to balance the Canadian labour market

Hiring more foreign talent to balance the Canadian labour market
In his recent speech, Bank of Canada Governor Tiff Macklem spoke about how immigration may be the key to achieving labour market stability and correcting inflation. He stated that the Canadian labour market has more demand than labour supply. The governor stated that labour shortages had increased wages across the country, pushing inflation upwards. Macklem urges Canadian employers to hire immigrants to meet the rising demand for labourers and fight inflation – with preference given to recent arrivals.

Labour_shortages, #labour_market, #foreign_workers, #newcomers, #inflation

Nova Scotia needs more jobs to fill the labour shortages in the province
Job seekers from other countries interested in coming to Nova Scotia through economic immigration programs are still in luck. Statistics Canada figures demonstrate that the number of job vacancies in the province increased by 52.1 percent from the second quarter of last year to this year. Despite employers adding 21,240 employees to their payrolls in the past year, many positions still need to be filled. While next year’s real GDP growth in Nova Scotia is projected to slow from 2.2% to 0.5%, the economy is expected to come back with 2.4% real GDP growth in 2024. In addition, the pent-up demand for labour is likely to keep the job market good for those seeking employment.

Labour_shortages, #labour_market, #Nova_Scotia, #statistics

Applying for temporary selection to study in Quebec is more accessible than before
International students do not need to acquire a new Quebec Acceptance Certificate (CAQ) for studies if they want to postpone the start of their study program to the next academic session. Before, if a student started a new study program a semester later than what was noted on their CAQ-study form, they would have to get further documentation. It should be noted that if a student begins their studies in the next semester, this does not automatically extend the expiry date of their CAQ. Students must complete their program before their CAQ expires or submit a new application for temporary selection to stay in the country.

Quebec, #CAQ, #international_students, #study_in_Quebec

ESDC updated processing times for LMIA applications
Employment and Social Development Canada (ESDC) has updated the processing times for the Labour Market Impact Assessment (LMIA) applications under various streams. Based on statistics from all processing centres, the current average LMIA processing times slightly increased for all streams except for Global Talent:

Global Talent Stream – 9 business days
Agricultural stream – 18 business days (+ 3 days)
Seasonal Agricultural Worker Program – 8 business days (+3 days)
Permanent residence stream – 23 business days (+1 day)
In-home caregivers – 36 business days (+9 days)
High-wage stream – 38 business days (+4 days)
Low-wage stream – 39 business days (+2 days)

ESDC, #Service_Canada, #LMIA #TFWP, #Work_permit, #agricultural_workers, #caregivers