COVID-19 is Disrupting New Talent Migration to Canada

COVID-19 is Disrupting New Talent Migration to Canada

Published on : November 11, 2020

 

Key Highlights:

  • Innovation-Driven Knowledge Hubs
  • Contribution of International Students
  • Tech Sector in Canada

COVID-19 has significantly disrupted migration of new talent to Canada

Major economies across the world today are innovation-driven knowledge hubs. Any country’s economy nowadays cannot operate with a restricted pool of local talent and knowledge. 

  • Larger pool of global talent is essential to stay abreast of the changing atmosphere.

Knowledge from abroad brings new perspectives, ideas, skills and links to local markets. Immigrant workers in the long-term significantly contribute to business productivity. Technology-intensive and knowledge-based firms especially make a strong impact.

  • International students alone contribute almost $25.6 billion in tuition fees, accommodations, and to other expenses in Canada. They also contribute in non-monetary terms by connecting the country with the rest of the world.
  • As per the Brookfield Institute’s report, the Tech Sector in Canada represents over $117 billion in economic output. 

Exchange of knowledge requires prudent leadership and stability. The COVID pandemic has made stability difficult to achieve. But the innovation economy can stay on a steady growth trajectory with the right leadership.

Book a Free Consultation

Topics: Migrate

Comments

Trending

Migrate

401,000 Immigrants Needed In Canada - New Visa Plan

 

Canada has announced its immigration plans for the year 2021-2023 today....

Migrate

4,500 ITAs issued in the New Express Entry Draw

In its latest Express Entry Draw on November 5, Canada has issued 4500 ITA...

Migrate

Canada Express Entry: First Draw of 2021 PNP Only