COVID-19 is Disrupting New Talent Migration to Canada

COVID-19 is Disrupting New Talent Migration to Canada

 

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

Quebec Plans To Invite Up to 45,000 Immigrants In 2021

 

Quebec is all set to invite between 44,500 to 47,500 immigrants next year....

Expression of Interest system to be launched by the Ontario immigration

Ontario province is planning to manage the application process for some of...