Canada welcomed a total of 40785 new permanent residents in March, which 9.2 per cent more than the previous month. If this pace is maintained in the coming months, Canada would most probably be hitting its annual immigration target for the current year. Canada is planning to welcome 431645 new immigrants in 2022. In the first quarter of the current year, Canada has already welcomed 431645 immigrants. As per the current immigration levels plan of Canada, the country will be welcoming 447055 new permanent residents in 2023 and 451000 in 2024.
Canada is welcoming a high number of immigrants every year as part of its efforts to resolve the persistent labour shortage crisis in the country. Almost all the industrial sectors in Canada, starting from healthcare and agriculture to technology sector need more workers to sustain the economic growth. Thanks to its lenient immigration policies, the Canadian tech sector is booming like never before, as tech talent is readily available in the country. So Canada is attracting technology-related companies to invest in the country, thus creating even more technology-related job vacancies.
The Canadian economy, which is rebounding from the impact of the pandemic, has high demand for workers. In 2021, Canada had a record number of job vacancies. In the third quarter of 2021, the number of job vacancies in Canada reached an all-time high of 912600.
Further, the population of Canada is aging fast and a high number of Canadians have reached their retirement age. At present, 21.8 per cent of Canadians are in the age of 55 to 64. This situation also necessitates a high number of workers to replace the retiring work force. Also the natural birth rate in Canada is so low that there are not enough young population to replace the older generation. This is another reason why Canada is admitting more immigrants to the country.
At the same time, high living standards, social security benefits and better career opportunities make Canada the most attractive destination for immigrants from across the globe.
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