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:
- Median hourly wage updated for 2020 Temporary Foreign Worker Program in Canada Canada has adjusted the median wage requirement that determines if Canadian employers need to apply for LMIAs under the high wage or low wage streams.
- Trudeau: Canada looking to ease travel for families Canada's prime minister has said the country is exploring easing restrictions currently preventing some close family members from entering Canada through the U.S. border.
- Grade 3 students create comics about immigrant stories The students used an online tool to create the comics as part of their social studies project, CTV News reports.