The immigration system has helped shape Canada into the country it is today – one that is prosperous, diverse, and welcoming to those in need. Newcomers enrich and better local communities, and they work every day to create jobs, care for our loved ones, and support local businesses.
Throughout the pandemic, they have been on the front lines, working in key sectors like health care, transportation, and manufacturing. Without them, Canada would not have been able to overcome challenges in critical industries and sectors of the economy over the past 2 years. Now, more than ever, immigrants are a key part of our country’s continued success.
Sean Fraser, Minister of Immigration, Refugees and Citizenship, tabled the 2022‒2024 Immigration Levels Plan, which charts an ambitious but responsible path for immigration that will help the Canadian economy recover and will fuel post-pandemic growth, all while strengthening communities and industries across the country that rely on immigration.
The pandemic has highlighted the contributions of newcomers to the well-being of our communities and across all sectors of the economy. Last year, Canada welcomed more than 405,000 new permanent residents—the most immigrants in a single year in our history.
Despite having regained many of the jobs lost during the pandemic, there are still hundreds of thousands of positions in all sectors waiting to be filled. Immigration already accounts for almost 100% of labour force growth, and with 5 million Canadians set to retire by the end of this decade, the worker to retiree ratio will drop down to only 3:1. This is a clear sign that we have a strong economic need for increased immigration.
To ensure Canada has the workers it needs to fill critical labour market gaps and support a strong economy into the future, the 2022–2024 Immigration Levels Plan aims to continue welcoming immigrants at a rate of about 1% of Canada’s population, including 431,645 permanent residents in 2022, 447,055 in 2023, and 451,000 in 2024. This plan builds on the previous levels plan, with an increased focus on supporting our economic resurgence and post-pandemic growth.
Tags economic growth economic recovery immigration jobs data labour market labour shortage pandemic pension retired employees wages
Check Also
Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance
Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and …