Immigrants Seeking Employment In Canada Should Be Expecting Disappointments
Many immigrants wishing for jobs in Canada might not be aware about the following facts. As we read about the failing U.S. Economy, these facts help us understand the economic facts and how these could be adversely having an effect on levels of unemployment in Canada.
Canada’s economy is slowing due to its overwhelming reliance on the economic conditions in the U.S.A. As an example, reports from Stats Canada show that almost 3 quarters of Canada’s exports have been to U.S.A. (73.3%).
The international recession started in the U.S. In 2008. Between 2008 to 2009 Canada’s exports to the U.S. were reduced by over 1/4 (nearly 27%).
The once heralded Canada-U.S. North American Free Trade Agreement turns out to be a nemesis that binds Canada to trade with the U.S.A. at selling prices no higher than it might typically charge itself. In such twin-ed markets in decline this becomes a death spiral of negatives.
From 2008 to 2009 Canada’s over-all Trade Balance has shifted from +$45 billion to a negative -$4.7 billion, importing more from the U.S. Than selling to the U.S. (Source: Statistics Canada Exports v Imports).
Most recently, Canada’s overall Gross Domestic Product (GDP) has fallen between April to May 2011 by -0.3%, with its mainstay category of prosperity, that of Mineral Resources, falling in the same period to by -5.3% (mining, oil, gas extraction); Source: Statistics Can.
In a nutshell, the earnings side of Canada’s ledger is shrinking while the Cost of Living for average Canadians is growing.
According to Stats Canada reporting for July 2011 over July 2010, the Consumer Price Index has increased in these categories: All-Items by virtually 3%, Food by more than 4%, and Energy by just about 13%.
Lastly, many believe Canada is a land of equal opportunity. The reality of the opposite is revealed in cold numbers. According to Statistics Canada, Immigrants are 1.5 times more unemployed vs natural Canadians.
The % of those Born in Canada with No Work: 20% (15 years old to 24 years old is 14.2%, 25 to 54 years old is 6.1%, Total: 20%). The percentile of Landed Immigrants with No Work: 30% (15 years old to 24 years old is 19.4%, 25 to 54 years of age is 9.5%, Total: 30%). Source: Stats Can.
With some professionals foretelling even slower business performance for the U.S. And Canada, immigrants looking for another country to call home might do well to analyze other possibilities. Those alternatives may include nations in South America where their economies would possibly not be squeezing its citizens, either economically or in legal action.
Martin Wong has studied the economic statistical data and legal trouble in weighing the emigrating to Canada risks. Those immigrants who may contract with an immigration and citizenship agent may do well by learning to ignore their own feelings, and study the displayed peculiarities for the honesty of their agent by learning the ability of deception detection. How do you tell if what comes to you is the truth or are you being lied to?
Author: Martin Wong
This author has published 2 articles so far. More info about the author is coming soon.