CIBC Report Reveals Major Decline in Canadian Job Quality

A study by the Canadian Imperial Bank of Commerce (CIBC) suggests that Canadian job quality has fallen to its lowest level in 25 years, which may be indicative of a severe systemic problem that might be difficult to reverse anytime soon. The report reveals that the bank’s employment quality index fell by 1.8% last year,
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Toronto Ranks Among Cities that will ‘Dominate’ for world’s MegaRich

A new study suggest that Toronto ranks among cities of key importance to the world’s mega rich and will be among those that “dominate.” The study released today by Knight Frank, a global real estate consultancy whose annual Wealth Report is widely followed. The study ranks Canada’s financial capital as No. 12 among the 40
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Canada Welcomed Record 260k Citizens in 2014 (Audio)

In an announcement made by Chris Alexander, Canada’s Immigration Minister, it was revealed that the country had acquired 260,000 new citizens in the year 2014. The number sets a new record in Canada’s history and is more than double of the citizenship figures of 2013. A news release by the Canadian government states that the
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Canada, the Accidental Tax Haven

Is Canada a tax haven? You could be forgiven for asking the question after hearing that Burger King, founded in Miami in 1954, plans to move its headquarters north of the border as part of its purchase of Tim Horton’s, the Ontario-based coffee and doughnut chain. Burger King insists its deal isn’t tax-motivated. Valeant Pharmaceuticals, formerly of
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Employers’ Fourth-Quarter Hiring Outlook Softens: Survey

Canadian companies expect to hire new employees in the fourth quarter at the weakest quarterly pace since 2010, a survey released on Tuesday showed. The Manpower Group report, which measures the difference between employers that say they will hire employees and those that expect to cut jobs, said the net employment outlook for the fourth
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Immigration Law Needs Overhaul to Deal With Minor Violations

Last week, Citizenship and Immigration Minister Chris Alexander issued a statement setting out the federal government’s opposition to Canadian municipalities becoming “sanctuary cities” for illegal immigrants. The sanctuary city concept is one in which a city agrees not to take action against illegal immigrants. In Canada, at least two cities including Toronto and Hamilton, Ont.
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The Economic Indicators that Really Matter

This week’s economic numbers are positive. American companies were busy restocking warehouses in May, increasing by 0.5% and following a hearty increase of 0.6% in April. Retail sales in the U.S. edged up by just 0.2% in June. Bombardier Aerospace sold $3.35 billion worth of aircraft in the month of July, which will have a
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Survey Reveals Most Canadians Averse to Relocating for Employment Opportunities

A new survey reveals that more than half of Canada’s adult workforce is unwilling to relocate for pursuing employment opportunities, which also throws light on why many Canadian companies have to hire temporary foreign workers because of the shortage of local skills. The survey, conducted by Ipsos Reid for the Canadian Employee Relocation Council (CERC),
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Top Canadian Economist Champions Immigration

Canada must recognize the potential economic advantage that immigrants bring if it wishes to remain globally competitive, according to one of the country’s top economists. In a recent piece for the Globe and Mail, Royal Bank of Canada chief executive officer Gordon Nixon, calls for more efforts to tap into under-utilized immigrant skills. He points
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No Reason or Clarification Provided for Rejection of Language Evidence

Immigrants in Nova Scotia are concerned about problems with their citizenship language forms, according to a new report from CBC. Mitra Naseh is one such immigrant from Iran who currently lives in Halifax and is in the process of applying for citizenship. She knows the language requirements, and obtained the necessary forms from Citizenship and
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