Record-Breaking Achievement: Canada’s Population Surges to 40 Million Residents

Record-Breaking Achievement: Canada’s Population Surges to 40 Million Residents

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Canada's population has achieved a historic milestone by reaching an unprecedented count of 40 million residents, as confirmed by Canadian Visa Professionals. This remarkable surge can be attributed to the consistent influx of over 400,000 new immigrants annually into the country.Between January and December 2022 alone, approximately 1.1 million individuals arrived in Canada as either permanent or temporary immigrants, marking the inaugural instance of a million-plus surge within a year.   Canadian Visa Professionals The recent report from Statistics Canada's shows that a staggering 95.9 percent of the populace's growth over the past year was attributable to international migration. Moreover, the report posits a conceivable projection: if the current immigration rates are upheld, Canada's populace could burgeon to 50 million within two decades.The ramifications of a growing populace on Canada's economic…
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Most Canadians Think 4-Day Work Week Is a Possibility

Most Canadians Think 4-Day Work Week Is a Possibility

about Canada
Canadian Visa Professionals could establish that most Canadians think a 4-day work week is a possibility they would like to explore. According to this new study conducted by Talent.com, a recruiting platform in Canada, about 93 percent of interviewed workers are interested in the four-day workweek model.  Canadian Visa Professionals If the recruiting agency interviewed 10 Canadian workers, about nine were interested in a four-day workweek.The survey also proves that many Canadians would rather put the 4-day workweek concept in their top three professional benefits above insurance and flexible work hours.   Work efficiency in the current 5-day workweek model Canadian Visa Professionals reports that, according to some workers, the 5-day work week makes them less productive. At least one in four admitted that their productivity declines across the work week. They…
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Survey: Half of the Canadian Firms will Increase their Pay Budgets During 2023

Survey: Half of the Canadian Firms will Increase their Pay Budgets During 2023

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A survey by Normandin Beaudry revealed that two-fifths of 440 employers had set apart an average of 1.2% in additional funds for salary raises. Some of the reasons for these respondents' actions are market adjustments and the need to retain a critical role. Another reason is the need to retain workers at risk of leaving.The respondents also said they're anticipating an average budget raise of 4.7% to allow for salary raises in 2023. Locations anticipating the highest budget increases are Quebec and Ontario. Canadian Visa Professionals added private businesses and nonprofit organizations are anticipating the highest budget raises.Ultimately, companies continue to invest in salary increase budgets in spite of the volatile economic condition. Darcy Clark, senior principal for compensation at Normandin Beaudry, said they are doing this to adjust to…
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Not Enough Workers for Construction Jobs in Canada

Not Enough Workers for Construction Jobs in Canada

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The Canadian government's plan for housing is to boost supply. This plan was laid out in the government's spring budget. In recent years, Canada has averaged about 200,000 new housing units annually. The government has promised to double the country's current rate of new construction over the next decade.Canadian Visa Professionals reported that this plan generated skepticism from analysts. Robert Kavcic stated that even if dollars become doughnuts, this won't happen. The senior economist with the Bank of Montreal said the statement not because of a lack of good intentions. Instead, he said it because of the scarcity of skilled labour in the construction sector. Economists Doubt the Feasibility of the Construction Plan Robert Kavcic of the Bank of Montreal pointed out that housing completions have been at the highest…
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