Canada Will Welcome More Immigrants For Economic Recovery Post-coronavirus

The entire world is going through a major economic crisis due to the disruptions created by the coronavirus pandemic. The Great Lockdown has impacted economic activities and resulted in a global economic slowdown.  As per the reports of the IMF, the global economy is estimated to contract by 3 percent this year, which will hit harder than the Great Depression of 2008-09.  Also Read: Coronavirus: Everything you need to know about COVID 19 As a result, several countries are taking measures to protect their economies. The USA has put immigration on hold temporarily to protect the jobs of its citizens. However, Canada is adopting a different approach and is keen on welcoming new immigrants to help the economy recover.  Canada has announced that it will welcome more than one million new immigrants as per the Immigration Levels Plan for three years. Canada believes that newcomers will help to stimulate economic growth post-coronavirus.

To welcome new immigrants or not, that is the question!

The current chaotic state of the world makes it inevitable to put a question that whether Canada should go ahead with its ongoing immigration plan, or to hold it back. No doubt, Canada might have to make significant changes to its Immigration Levels Plan. However, looking at the history of immigration, it would not be a wise decision to reduce immigration levels. Looking at the current scenario, it is expected that Canada would require a large number of immigrants in the coming times in order to promote economic progress. 

Why would Canada need more immigrants?

Canada struggles with low birth rates and an aging population. When the elderly Canadian population retires, it becomes difficult to manage the labor shortages since the country does not have enough young individuals. Therefore, Canada targets to welcome around 300,000 immigrants per year to overcome demographic challenges.  Also Read: How to get Canada PR visa? Step by step guide. Immigration has been the main contributor to population growth since the 1990s. The population growth is crucial as it maintains the labor force. As to today, immigration is the major driver of Canada’s labor force growth. Thus, if Canada reduces its immigration levels, it will restrain the much required economic growth. 

Canada will witness economic revival post coronavirus

It is believed that once the coronavirus pandemic has been contained the economy will rebound and more Canadians will get back to work. Also, there will be new job opportunities for immigrants.  Canada is known to have exceptionally low rates of unemployment. After the coronavirus, Immigrants are expected to be benefitted from the economic rebound.  In the years to come, Canada might deal with acute labor shortages and thus, several new immigrants would be required in the country. The immigration policy of Canada focuses on long-term economic benefits and is always ahead of the curve made to strengthen the economic status of the country. 

More jobs will be created post-coronavirus

Immigration will be the key to the creation of new jobs in Canada after a sense of normalcy is attained. In a study shown by Statistics Canada, it is believed that the creation of  25 percent of new jobs between the years 2003 and 2013 was largely due to immigrant entrepreneurs.  So, the intake of entrepreneurs in the coming time will create new jobs for Canadians.  Further, immigrants have some savings with them when they come to the country, which helps in accelerating economic activities.  Moreover, International students bring in more than $22 billion each year, which eventually contributes to the creation of nearly 200,000 jobs. 

Canada is still accepting PR applications

The IRCC is still accepting applications for permanent residence, temporary residence, and citizenship. And, the immigration ministry is taking all the steps to co-operate with the immigration candidates. Find out if you are eligible for any Canadian immigration programs