Low unemployment and high participation rate indicate persistent job vacancies in Canada

Credit to Author: Asheesh Moosapeta| Date: Sat, 14 Oct 2023 12:45:12 +0000

Statistics Canada’s latest Labour Force Survey reveals signs of healthy employment, as the country’s economy continues to normalise after the COVID-19 pandemic. In the latest report covering September of 2023, Canada’s unemployment rate—the number of unemployed individuals in the country over the age of 15, divided by the country’s total labour force (population aged 15 […]

The post Low unemployment and high participation rate indicate persistent job vacancies in Canada first appeared on CIC News.

Read more

New poverty report card evaluates quality of life in Canada’s 10 provinces 

Credit to Author: Vimal Sivakumar| Date: Sat, 07 Oct 2023 12:00:31 +0000

In their first-ever poverty report cards, Food Banks Canada has graded all provinces and territories on a variety of measures related to poverty reduction and standard of living. There are many factors that contribute to the quality of life experienced by people living in any particular country, province, city or community.  What follows will outline how […]

The post New poverty report card evaluates quality of life in Canada’s 10 provinces  first appeared on CIC News.

Read more

House prices rise in Canada as interest rates remain high

Credit to Author: Edana Robitaille| Date: Sun, 09 Jul 2023 13:00:03 +0000

The cost of buying a home in Canada has gone up slightly according to the most recent data from Statistics Canada. The recently released New Housing Price index shows that on average, prices increased 0.1% month-over-month in May, the first increase since August 2022. It further showed that prices were up in six of the […]

The post House prices rise in Canada as interest rates remain high first appeared on CIC News.

Read more

The role of the Bank of Canada and how it impacts newcomers

Credit to Author: Edana Robitaille| Date: Thu, 15 Jun 2023 12:01:34 +0000

The Bank of Canada (BoC) has raised interest rates to their highest level since 2001. The overnight lending rate is now 4.75%, which is 25 basis points higher than it was at the previous increase in January this year. The BoC started raising rates in July 2022 when it went from 1.5 % to 2.5%. […]

The post The role of the Bank of Canada and how it impacts newcomers first appeared on CIC News.

Read more

Bank of Canada holds interest rates steady: Why that’s good for newcomers

Credit to Author: Edana Robitaille| Date: Tue, 18 Apr 2023 13:00:17 +0000

On April 12, the Bank of Canada (BoC) announced that it would hold interest rates steady at 4.5%. Interest rates have stayed at 4.5% since January this year, following several increases over the latter half of 2022. This rate is still high, but the absence of an increase in interest rates and the declining rate […]

The post Bank of Canada holds interest rates steady: Why that’s good for newcomers first appeared on CIC News.

Read more

The Bank of Canada just raised interest rates again. What does this mean for newcomers?

Credit to Author: Edana Robitaille| Date: Thu, 02 Feb 2023 13:00:02 +0000

The Bank of Canada (BoC) recently announced another rise in interest rates, up to 4.5%, or up 25 basis points from 4.25% on December 7, 2022. While this is the smallest rise in interest over the past year, interest rates will stay high for the foreseeable future making larger spending more difficult than previous years. […]

The post The Bank of Canada just raised interest rates again. What does this mean for newcomers? first appeared on CIC News.

Read more

Bank of Canada Governor talks about using immigration to balance the national labour market

Credit to Author: Vimal Sivakumar| Date: Wed, 23 Nov 2022 13:00:14 +0000

In two recent speeches on November 10th and 14th, Bank of Canada (BoC) Governor Tiff Macklem spoke to attendees and the media about how immigration may be the key to achieving labour market stability and correcting the course of inflation. His speeches addressed “the future of workers and jobs” by tackling questions that included: Why […]

The post Bank of Canada Governor talks about using immigration to balance the national labour market first appeared on CIC News.

Read more

Skilled immigrants: Canada is making progress toward gender equality

Credit to Author: Alexandra Miekus| Date: Fri, 16 Aug 2019 19:12:09 +0000

More and more women are finding themselves as the principal applicants in Canada’s Express Entry immigration process. Prospective immigrants to Canada are assigned a Comprehensive Ranking System (CRS) score to help the federal government assess and rank candidate profiles in the Express Entry pool. Figures provided in the 2018 Express Entry year-end report reveal that […]

Read more

Alberta invites 471 Express Entry candidates with CRS scores as low as 303 to apply for provincial nomination

Credit to Author: CIC News| Date: Mon, 05 Aug 2019 19:42:26 +0000

Two provincial nomination draws have created an opportunity for Express Entry candidates seeking opportunity in the province of Alberta—Canada’s west-most Prairie Province, home to Calgary, Edmonton, and Banff National Park. On July 17, Alberta issued a total of 251 Notifications of Interest (NOI) to Express Entry candidates with Comprehensive Ranking System(CRS) scores starting at 400. One […]

Read more

Manitoba issues new invitations to skilled workers and international graduates

Credit to Author: CIC News| Date: Fri, 24 May 2019 16:54:01 +0000

Manitoba invited 196 immigration candidates to apply for a provincial nomination for Canadian permanent residence in an Expression of Interest draw held May 23.  Of the 196 invitations issued, 119 went to candidates in the Skilled Workers in Manitoba Stream, 60 went to Skilled Workers Overseas candidates and 17 were issued through the  International Education […]

Read more