20 Jul Ottawa stopped issuing H1B work permits as the program has reached the maximum cap
Ottawa stopped issuing H1B work permits as the program has reached the maximum cap
On July 16, 2023, the Government of Canada announced a new program to issue work permits for H1B visa holders to attract tech talent from the United States. However, the program has reached its maximum cap of 10,000 principal applicants and is closed as of midnight, July 17, 2023. Open work permits issued under this program last up to three years and allow family members to accompany the primary applicants. Spouses and children of the 10,000 H1B visa holders are also eligible to apply for study and work permits and temporary resident visas.
H1B, #work_permit, #US, #Tech_talent, #tech_workers
Around 170,000 Ukrainian nationals arrived in Canada under the CUAET
On July 19, 2023, Immigration, Refugees and Citizenship Canada (IRCC) updated the number of Ukrainian newcomers arriving in Canada under the Canada-Ukraine authorization for emergency travel (CUAET). According to the latest update, between March 17, 2022, and July 8, 2023, IRCC received 1,122,127 applications under the CUAET. In total, IRCC has approved 802,416 applications from Ukrainian nationals. The Government of Canada stopped accepting applications for a visa under the CUAET on July 15, 2023. From March 17, 2022, to July 8, 2023, 168,567 Ukrainians arrived in Canada under the CUAET program.
Ukrainian_immigrants, #Ukrainian_refugees, #refugees, #CUAET, #Ukraine, #IRCC
How increased immigration is impacting inflation in Canada
Many experts claim that increased immigration may be a factor keeping inflation high. Despite a fall in the inflation rate, prices for many essential goods continue to rise. The Bank of Canada raised interest rates to 5% in July due to sticky inflation, but the economy and demand continue to grow. The bank expects inflation to reach its 2% target by mid-2025, and immigration could keep inflation up longer. Canada welcomed over a million immigrants last year to address job vacancies and labour shortages. However, according to the Bank of Canada governor Tiff Macklem, the impact of immigration on inflation is expected to be neutral. Still, it is affecting different parts of the economy in various ways.