Earlier, Canada is in third place as per the NBI’s overall rankings. But in 2021, the Maple Leaf country advanced by two points and is behind Germany among 60 nations.
“NBI 2021 is the first
time that Canada has moved up to the second place. First place rankings on the
governance, people, and immigration and investment indices, as well as
relatively steady rankings on exports, tourism, and culture, contributed to
Canada’s record ranking in 2021. The reason for the optimism is a strong
rebound in consumer retail sales, which comprise about 55 percent of the
country’s GDP, so far this year,” notes the report by Ipsos, the world’sthird-largest Insights and analytics company.
Immigration: Top
priority for Canada
Immigration has become
a key factor in recovering the economic situation in Canada. Due to the
pandemic’s advent, the country’s economy has the hardest hits.
Currently, it isresuming back, but there are more labor shortages. To fulfill the labor market
demand, Canada is welcoming more immigrants.
Alexander Cohen’s
email states that…
“Roughly
three-quarters of the way through 2021, we’re on track to meet our goal of
welcoming 401,000 new permanent residents this year. Against all odds, we’ve
managed to keep our immigration system working in the face of a
once-in-a-century pandemic, while ensuring rigorous health protocols are in
place and enforced.”
1.33 million newcomers
in 2021-2023
Canada aims to welcome
1.33 million newcomers during 2021- to 2023. In 2021, 401,000 new permanent
residents are welcomed to Canada, and the graph goes high in 2022 (411,000
newcomers) and in 2023 (421,000 newcomers).
Canada is resuming
back to its normal state with vaccine passports and successful vaccination
rates. All these measures have reduced the requirement for strict public health
restrictions.
Canadian business
owners optimistic
As per the statistics,
75.7 percent of Business Owners in Canada reported optimistic views for the
coming year.
In the third quarterof the year, Canadian business owners are expecting high demands on products
and services. This will reflect a hike in the prices of the goods.
Hence, the investors
are more interested in investing in Canada, which gives the Canadian economy a
great chance to rebound. These investors are even allowed to apply for
permanent residency in Canada through the country’s Start-Up Visa program.
The start-up
environment in Canada is the best
The country encouragesforeign entrepreneurs to more start-ups in Canada and especially during the
pandemic. In 2021, according to Global Start-up Ecosystem Index Report, Canada
ranks fourth and boasts many of its cities in the top 50 compared to any other
country.
“Canada is fortunate
to have three cities in the top 50 globally, with the ecosystem of Montreal
increasing three spots to rank 46th globally. Only the U.S. and China have more
cities in the top 50 than Canada, showing the diversity of the nation’s strong
global and regional hubs,” noted the report.
Immigration: Top priority for Canada
Immigration is a key
factor in recovering Canada’s economy, which has been hit the hardest by the
pandemic. Currently, the country is recovering back, but there are more labor
shortages. To fulfill the labour market demand, Canada is welcoming more
immigrants.
The immigration
minister’s press secretary Alexander Cohen’s email states that “Roughly
three-quarters of the way through 2021, we’re on track to meet our goal of
welcoming 401,000 new permanent residents this year. Against all odds, we’ve
managed to keep our immigration system working in the face of a
once-in-a-century pandemic, while ensuring rigorous health protocols are in
place and enforced.”
The government ofCanada is aiming to welcome more than 1.2 million newcomers between 2021 and
2023 with 401,000 new permanent residents expected this year, 411,000 in 2022, and 421,000 in 2023
Canada is resuming
back to its normal state with vaccine passports and successful vaccination
rates. All these measures have reduced the requirement for strict public healthrestrictions.
Canadian Business Owners Optimistic About Recovery
According to
Statistics Canada, 75.7 percent of Canadian business owners now report having
a somewhat or very optimistic outlook on the year ahead.
Canadian businessowners anticipate high demand for products and services in the third quarter of
the year. This will almost certainly result in a price increase for the goods.
As a result, foreign investors looking to ride the wave as the Canadian economy
recovers can apply for permanent residence in Canada via the country’s Start-Up
Visa program
The start-up environment in Canada is the best
The country encourages
foreign entrepreneurs to establish new businesses in Canada, particularly
during the pandemic. According to Global Start-up Ecosystem Index Report,
Canada ranks fourth and boasts many of its cities in the top 50 compared to any
other country
“Canada is fortunateto have three cities in the top 50 globally, with the ecosystem of Montreal increasing
three spots to rank 46th globally. Only the U.S. and China have more cities in
the top 50 than Canada, showing the diversity of the nation’s strong global and
regional hubs,” noted the report.
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