Canadian Immigration News

Recovery of the Canadian Economy and Immigration Levels

2.25 minute read
"Immigration levels to Canada are expected to quickly rebound as the Covid-19 public health restrictions are relaxed and borders open all over the world. This is especially good news for overseas applicants to the Federal Skilled Worker (FSW), the Federal Skilled Trades (FST), and other provincial business programs and business immigration programs."
Written by My Visa Source Team
Published on:  Aug 18, 2021
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Immigration levels to Canada are expected to quickly rebound as the Covid-19 public health restrictions are relaxed and borders open all over the world. This is especially good news for overseas applicants to the Federal Skilled Worker (FSW), the Federal Skilled Trades (FST), and other provincial business programs and business immigration programs

The June Labour Force Survey released on Jun 9, 2021, revealed that as travel and economic restrictions were eased across the country, the labor market responded with solid employment gains especially in sectors where the restrictions were most stringent. 

With service industries reopening, there was a substantial increase in part-time employment which provided job opportunities to young people and women. This has set the stage for an accelerated recovery of the labor market over the next coming months. Employment in Canada is now within 1.8% of its pre-pandemic level. 

How Did the Employment Rate Affect the Canadian Economy?

The employment rate in Canada increased by 230,000 according to the June Labour Force Survey. As the economy reopens, the labor market is expected to experience a rise in the employment rate, especially in the hardest-hit industries during the pandemic. 

The pandemic also severely affected the growth rate of Canada’s population which significantly highlighted the importance of immigration to maintain economic growth. 

How Was the Population Rate Affected by Canadian Immigration?

Statistics Canada released the population estimate for the fourth quarter of 2020 in March 2021. They revealed the significant impact of immigration on the slow growth of the Canadian population. Since 2016, immigration has accounted for more than three-quarters of total Canadian population growth.

In 2019, that figure increased to 85.7%. In 2020, due to the travel and border restrictions imposed to control the spread of the Covid-19 pandemic, overall immigration decreased by 58%. Population growth through immigration in 2020 was over 80% less than what it was in 2019.

How Is Canada Dealing With Low Immigration Levels?

All through the pandemic, the Immigration, Refugees and Citizenship Canada (IRCC) continued its operations to invite more and more immigrants to keep the population growth going. For 2021, Canada has an Immigration Levels Target Plan to invite over 401,000 new immigrants.

To meet this target, the IRCC is focused on facilitating maximum transitions of temporary residents to permanent residents. The IRCC has also introduced new temporary policy decisions to facilitate these transitions. Recently, on May 6, 2021, the IRCC launched 6 new immigration streams for temporary foreign workers and international students: 

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