The growth strategy of the Atlantic region is tied in with quickening the development of Atlantic Canada’s economy.
It was propelled in July 2016 by the Government of Canada in collabo with the government of Newfoundland and Labrador (NL), Nova Scotia (NS), Prince Edward Island (PEI) and New Brunswick (NB) to create a good paying average class jobs, reinforce the surrounding communities, and develop creative, world-class organizations in the locale.
It was first launched as a three-year pilot program, but recently it has been extended by a further two years and is expected to end in December 2021.
This will give IRCC and the Atlantic areas more opportunity to survey the inventive parts of this pilot: its employer-driven motivation, required settlement plan, and a new model of collaboration with the Atlantic territories and ACOA.
There will be more than nine million Canadian baby boomers who will be retiring and the interest for publicly sponsored social services will surely be at its peak. Recent studies have clearly demonstrated how Immigration forms an integral part of Canada’s Growth Strategy, a fourth of the populace will be in any event 65 years of age in 2040.
Diminished work power may significantly affect the economy of Canada. The Canadian government will spend a great deal of cash attempting to give the aged people medical services.
More than 11 million students are likely to leave school between the year 2018 and 2040. And there are very high hopes that they will provide the country with the sufficient work power it needs yet that number isn’t sufficient.
Over 13.4 million professionals and workers will leave the workforce so there will even now be a hole to be filled. so, it is vital for the Canadian government to acquire foreigners to fill the hole.
Facts have also shown that a yearly immigration rate that reaches at least 1% of Canada’s population will serve as a lasting solution to the aging labor force of the country.
With some studies conducted, the population of Canada’s work power will remain at 23.3 million laborers in 2040 which is an improvement from 2018’s 19.8 million.
In the event that the Canadian government advances the incorporation of individuals with disabilities, ladies, and indigenous individuals, the nation may profit by an expansion of about 2.2 million laborers by 2040. It might likewise procure over $100 billion to the economy.