Why you should now apply for Canada PR Visa?

The best time to apply for Canada PR Visa is now as Canada has obtained the third rank globally as the best nation surpassing the US. It is next only to Switzerland and Germany as per the US News and World Report.

When it comes to immigration, Canada obtained the first rank globally for investment ambiance and immigration in 2021. This is according to NBI - Nation Brands Index: Anholt-Ipsos. The report was published by the third largest Analytics and Insights Company in the world Ipsos.

The US News said that its ranking has been compiled depending on the global perception of nations in terms of figures of qualitative features. These impressions have the ability for driving investment and travel, and trade and directly affect the economies of nations.

The report further elaborates that Canada is a highly technologically advanced society having high living standards. Trade pacts during the period 1980s and 1990s drastically accelerated its trade with the US. The two nations are now each other’s largest trading partner, adds the US News Report.

The biggest propellant of Canada’s economy is its service sector and as a nation, it is a major exporter of minerals, food, and energy. It also ranks third globally for proven reserves of oil and is the fourth largest producer of oil.

The US News report appreciates Canada for its dedication to Multicultural society and its plethora of accomplished artists and writers and government models. Its participation in the peacekeeping missions of the United Nations across the world has also been respected.

The nations were also offered 10 sub-rankings for their:

• Agility 
• Adventure 
• Entrepreneurship
• Cultural Influence
• Heritage 
• Movers 
• Openness to business 
• Power
• Quality of life
• Social purpose 

Canada scores well in various aspects

The Maple Leaf Nation obtained an overall score of 97.8 in the rankings securing high marks for openness to business, social purpose, quality of life, and agility. However, it fared average for being equipped to face the future challenges resulting due to the global economy.

The rankings by US News and Report also reveal the average perception of the heritage of Canada obtained a score of 39.9. The nation scored 43.3 for its perceived power globally.

Cities in Canada are among the highly livable globally

In another latest ranking, Canada has again scored a top ranking for its cities’ livability and Universities’ quality.

Earlier in 2022, the 3 cities in Canada Toronto, Vancouver, and Calgary were included in the top 10 global most livable cities by the EIU - Economist Intelligence Unit. The EIU said that the top 10 cities in the rankings continue to be mostly from Western Europe and Canada.

Copenhagen is in second place behind Vienna which secured the top position globally. Meanwhile, Calgary advanced to the third position jointly with Zurich from its previous 18th place after the elimination of COVID-19 curbs.

The coveted position of the most livable Canadian city was thus secured by Calgary with its third ranking globally. Vancouver emerged as the top second city in Canada with its global 5th ranking.

Toronto meanwhile obtained the 8th ranking globally as the most livable city globally and became the 3rd top livable city in Canada.

The survey assessed 173 cities globally for selecting the top livable cities. Middle-sized cities in affluent nations performed much better than mega-metropolitan cities.

The report elaborates that the top ten cities are also those having minimal pandemic curbs. Restaurants, shops, and museums have opened again so schools and hospitalization due to the pandemic have reduced. This has resulted in decreased stress and services and healthcare resources. Moreover, the policy to wear face masks is also no more effective in the majority of circumstances.

Consequently, cities included in the top 4 positions prior to the pandemic have resurged again. This is due to their stability, good services and infrastructure, and pleasant leisure activities.

When it comes to higher education, Toronto University and British Columbia University have been included among the top 50 global Universities. The rankings have been compiled by global higher education analytics and insights provider QS - Quacquarelli Symonds.

Immigration a major driver of Canadian economic recovery

Canada has devised a strategy for economic recovery in the post-pandemic period and immigration is a major focus for achieving the goals. The nation aims to welcome 431, 645 immigrants in 2022, 447,055 immigrants in 2023 and 451, 000 immigrants in 2024 as per its 2022-2024 Plan for Immigration Levels.

Economic class immigrants have nearly 3/4th of the allocation of the PR Visas in these immigration targets. Moreover, most of these will be accepted through the Express Entry System.

Nationwide Visas is the Best Immigration Consultant in Bangalore offering you seamless and customized immigration solutions and strategies through its Immigration Experts.

Work Abroad: Apply now for Canada PR from India

If you plan to apply for Canada PR from India, the right time is now as Canada has 1 Million plus job vacancies. Employers require qualified candidates and several of them are seeking overseas nationals.

In a report in early 2022, RBC noted that in almost industries in Canada and across all sectors, companies are hit hard by the historic scarcity of workers.

The study “Labor Shortages in Canada Will Outlast A Recession: Proof Point” highlights the harsh reality for employers in Canada. It has been authored by Economists Nathan Janzen and Claire Fen and Economics Writer Naomi Powell.

The authors note that as of 2022 June, businesses in Canada posted nearly 70% higher job vacancies than the pre-pandemic times. However, these companies were competing for 13% lesser unemployed workers in comparison with those available in 2020 February.

The effect is even harsh: more than 50% of businesses in Canada report that scarcity of workers is hindering their competency to enhance production. It is in comparison with 40% prior to the pandemic and 30% 10 years ago.

In the streets in Canada, it appears as if it is normal business, except for the excess signboards of help wanted that are apparently everywhere. Several entrepreneurs are limiting the hours of work for their companies owing to a shortage of qualified workers.

Statistics Canada in its latest quarterly report for job vacancies stated that firms in Canada were making efforts to fill 997,000 unfilled job openings in the second quarter of 2022. As per available records in Canada, this is the maximum figure of job openings in any quarter for any year.

Job openings increased by 4.5% with 45,000 extra vacancies than in Q1-2022. It was an increase of 42.3% or 296,500 job openings in comparison with Q2-2021, adds Statistics Canada.

The Canadian agency further adds that the rate of job openings was 5.7% in Q2-2022, which was also a record-high rate. It corresponds to the figure of job openings as a proportion of overall demand for labor, the sum of vacant and filled positions.

Employers are offering a high salary to entice workers

After Q1-2020, an increase of 4.2% in demand for labor has surpassed growth in payroll employment. It has increased by 1.7% and resulted in record-high vacancies in jobs. In many sectors, it is a war for bidding as employers try to outbid others for the top employees.

Notwithstanding the higher salaries, employees are nevertheless lagging behind in 2022 as inflation is taking a bigger cut from their purchasing power. Wages per hour in Canada increased by 5.3% in Q2-2022 but inflation also increased by 7.5% in the same time period.

However, there are winners too.

Workers in 5 sectors witnessed a hike in salaries surpassing the rate of inflation. It includes employees in Technical, Scientific, and Professional Services who received a salary hike of an average of 11.3% to an hourly $ 37.05. Workers in Wholesale Trades also witnessed a hike in wages by 10.6% to an hourly $ 26.10.

Employees in the rest of the sectors were not that fortunate. Salaries were lower in the remaining sectors in comparison with inflation including Social Assistance, Healthcare, Construction, and Retail Trade.

The majority of employers in Canada who are finding it tough to fill job vacancies are the ones who have offered pay hikes on par with the inflation rate.

Jobs vacancies increase in 6 Provinces

Quebec, Alberta, Manitoba, British Columbia, Nova Scotia, and Ontario Provinces witnessed an increase in job openings.

Job vacancies in Ontario Province increased by 6.6% to reach 379, 700. In Nova Scotia, the increase was by 6%, and 22,400 jobs. An increase of 5.6% was recorded by British Columbia with 163, 600 jobs. For Manitoba, it was an increase of 5.2% and 29, 300 jobs while a 4.4% increase was recorded by Alberta with 100,900 jobs.

The Quebec Province recorded a 2.4% increase in job vacancies with 248, 100 jobs. New Brunswick Province witnessed a decrease of 6.1% with 15,200 jobs and for the rest of the provinces, the change was little, noted Statistics Canada.

Employers in Canada can also hire overseas nationals for filling vacant job positions under the Express Entry System. It is an online system that receives immigration applications.

Candidates who fulfill the criteria for eligibility can file an application online known as the EOI - Expression of Interest. This is through any of the 3 federal economic immigration programs or linked PNPs to the Express Entry pool. They must also fulfill the requirement for a minimum IELTS score for Canada Express Entry.  

Candidates in the Express Entry pool are ranked over one another through the system based on points known as CRS - Comprehensive Ranking System.

Nationwide Visas is the Best Immigration Consultant in Bangalore for Canada PR Visas. To book your consultation with one of our Immigration Experts, contact us today.