First, a bit of good news: Canada will likely weather the current economic storm better than any other Western nation. As the Prime Minister recently pointed out, Canada has a low debt burden, an efficient inflation regime, a diversified economy, flexible labor markets and proper fiscal management going back for more than a decade. Canadian banks have not needed the government bailouts that have become a necessity in the US and many European countries. In fact, Canada has the world’s soundest banking system according to a survey by the respected World Economic Forum. To top it off, many economists predict that Canada will be the first advanced country to emerge from this worldwide economic downturn.
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Related Canada Immigration Articles:
- Skilled immigrants: Canada is making progress toward gender equality The number of women with CRS scores above 400 has increased 56 per cent since 2017, latest Express Entry report shows
- Saskatchewan invites 150 candidates to apply for Express Entry and Occupations In-Demand streams Minimum Saskatchewan Expression of Interest score rises four points to 78
- Prince Edward Island’s latest draw issues 143 Express Entry, Labour and Business invitations PEI PNP's August 15 draw invited more Express Entry and Labour Impact invitations than last month