World Refugee Day: How Canada empowers refugees to succeed
Today, June 20, is World Refugee Day. It is a day recognized around the globe that celebrates the success of refugees in their new lives.
More importantly, it also recognizes how much must be done to offer support and a high quality of life to people who have fled their homes, often in traumatic circumstances. World Refugee Day has a theme each year. The 2023 United Nations High Commissioner for Refugees (UNHCR) says the theme is “Hope away from home.” This is meant to promote the inclusivity of refugees in their new countries.
Canada’s population reaches 40 million people thanks to immigration
Canada’s population has surpassed 40 million people.
Statistics Canada has a “population clock”, which estimates Canada’s population in real time based on a number of factors like recent trends for births, deaths, and migration data. The clock hit 40 million today just before 3 pm on Friday June 16.
Moving to Canada: Five Tips for Starting the Immigration Process
Thousands of newcomers move to Canada each year.
In 2022, the country welcomed 437,180 immigrants – and Immigration, Refugees and Citizenship Canada (IRCC) expects to welcome up to 500,000 new permanent residents from around the world by 2025.
If you are considering moving to Canada, now is a good time to learn about the immigration process. Deciding to move to Canada may be exciting, but the move itself requires careful planning and preparation. To make your transition as smooth as possible, here are five tips on important steps to take before beginning the immigration process.
The role of the Bank of Canada and how it impacts newcomers
The Bank of Canada (BoC) has raised interest rates to their highest level since 2001.
The overnight lending rate is now 4.75%, which is 25 basis points higher than it was at the previous increase in January this year. The BoC started raising rates in July 2022 when it went from 1.5 % to 2.5%. This means that over one year, the rate has increased by 3.25 percentage points. The current rate hike comes as something of a surprise to many as BoC Governor Tiff Macklem had said previously that the BoC would try to avoid further increases.
Immigrating to Canada vs. the United States
The United States has been seen as the land of opportunity for decades and is an extremely popular destination for newcomers to live, work, study and settle permanently. About 45 million foreign-born people currently live in the US, making up about 14% of the population. Canada has also become an extremely popular immigration destination. In 2021, more than 8.3 million foreign born people were living in Canada, making up almost a quarter (23%) of the population.
