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Job-seeking and entrepreneurial immigrants may well be setting their sights on Manitoba this year as its economy is forecast to almost completely offset the losses it suffered last year due to COVID-19 restrictions. “We forecast the economy to grow by a solid 4.4 per cent in 2021,” predicts Royal Bank of Canada (RBC) economist Carrie
New Brunswick’s hospitality and tourism sector is expected to gain some momentum with the return of the Atlantic Bubble in late April as Canada’s COVID-19 vaccination programs promise a return of higher immigration levels. In its economic forecast for the maritime province, TD Economics noted the devastating impact of the loss of the Atlantic Bubble,
Immigration to Newfoundland & Labrador will be especially important as it struggles to recover post-COVID-19 due to the Atlantic Canadian province’s shrinking population. In its provincial economic outlook, the Royal Bank of Canada notes growth in the Newfoundland & Labrador economy this year will trail that of other Canadian provinces despite the easing of public
The global pandemic hit Alberta with higher daily numbers of new COVID-19 cases than anywhere else in Canada last year, forcing lockdowns and border restrictions that crippled its economy and restricted immigration. Alberta lost an estimated 7.3 per cent of its real Gross Domestic Product (GDP) and experienced a 47.5 per cent downturn in the
British Columbia’s exports are expected to fuel the westernmost Canadian province’s economic recovery this year even as immigration remains sluggish and the region’s tourism industry struggles due to still-high COVID-19 case numbers. “In the long-run, Canada does have the capacity to hit the ambitious targets set out last fall and population growth from new immigration
The global COVID-19 pandemic and the closure of Canada’s borders to almost all non-essential travel cut immigration to Quebec by more than a third last year and took a serious toll on its economy. Economic activity in Canada’s francophone province dropped sharply during the pandemic, driving its real GDP down by 5.2 per cent and
Although Ontario is already the most populated province in Canada, it will need a lot more people in its northern regions over the next two decades just to maintain a healthy workforce, concludes a report funded by the federal government. “If we wished to maintain our historical, healthy, ratio of dependents to workers, Ontario’s northern
Canada’s economy will surge later this year as COVID-19 vaccines are widely distributed, creating a massive demand for immigrants to fill vacant jobs. In its latest economic forecast, the Conference Board of Canada states the country’s economy is expected to make a full recovery from the economic hit it took during the global pandemic in
Vaccines already being used in the fight to stop COVID-19 will give Canadian immigration a much-need shot in the arm in the coming year as governments lift travel restrictions imposed during the pandemic. “If all goes according to plan, we should be able to have the majority of Canadians vaccinated by next September,” Prime Minister
