Currently, Canada anticipates bringing in 465,000 new permanent residents in 2023, up 4% over the prior goal, and 485,000 in 2024, an increase of 7.5%. The strategy for immigration levels this year, according to Fraser, “will assist businesses in finding the personnel they require.”
Particularly in specialized occupations and sectors like healthcare, Canada is experiencing a severe labour shortage.
Many unemployed people lack the qualifications or reside in unsuitable regions of the nation to fill those unfilled employment. Between 2023 and 2025, the revised aims will result in a rise in economic immigration of almost 13%; with substantial increases in relatively minor regional initiatives that assist in directing individuals toward provinces and regions outside of large metropolitan centres.
More Canadians than ever before are now retiring, hastening a mass exodus of Canada’s most highly skilled workers; and leaving businesses scrambling.