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Canada punches above its weight when it comes to the world economy. Despite having the 38th largest population in the world, Canada has the 10th largest economy, with an output of 1.6 trillion or $48,100 per capita.
Canada spends more on education per capita than any other industrialized nation in the world and has been named the most educated country in the world.
Thanks to the reliable healthcare programs available to everyone in the country, Canada has one of the world’s highest life expectancy rates at just below 82 years. That places Canada’s life expectancy at 18th in the world.
The federal government is planning a massive increase in the number of immigrants entering Canada, with a goal of bringing in 500,000 people in 2025.
Immigration Minister Sean Fraser revealed the new targets Tuesday, saying the move is necessary to ensure Canada's economic prosperity.
The announcement signals a significant increase from the 405,000 immigrants that came to Canada last year and the 465,000 expected to arrive next year.
Canadian industries are facing a significant labour shortage. About one million jobs are vacant across the country.
The new plan puts an emphasis on increasing the number of immigrants who will be admitted based on their work skills or experience over the next three years.
Population share of immigrants, permanent residents hits 23% record: census
Federal lawyers defend Canada-U.S. asylum deal at top court, argue U.S. legal system is 'fair and just'
Canada's working-age population is older than ever, StatsCan says
This news comes after new census figures released last month revealed that immigrants and permanent residents now account for 23 per cent of the population — an all-time high.
Statistics Canada said that recent immigrants — those who arrived between 2016 and 2021 — are younger on average than the rest of the Canadian population and have been critical to filling many jobs in the Canadian labour market..
From 2016 to 2021, immigrants accounted for four-fifths of Canada's labour force growth. A large share of recent immigrants were selected for their ability to contribute to Canada's economy.
More than half of recent immigrants — 748,120 of the 1.3 million admitted to Canada between 2016 and 2021 — entered Canada under the economic category
https://www.cbc.ca/news/politics/canada-immigration-500000-2025-1.6636661
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