Economy of Canada
Canada is one of the world's wealthiest nations, a member
of the OECD and G8. Canada’s huge land mass, the
second largest in the world after Russia, ensures that
a wide array of natural resources is present. Different
resources are centered in different parts of Canada. In
British Columbia the forestry industry is of great importance,
while the oil industry is central to Alberta's prosperity.
Ontario is home to a wide array of mines and has a strong
manufacturing sector, while the fishing industry has long
been central to the character of the Atlantic Provinces.
Canada has a diversified economy. Natural resource
industries, such as forestry, mining, oil and
gas extraction, farming and fishing, are important
sources of jobs and export earnings. Canada is
also a world leader in the fields of telecommunications,
biotechnology, aerospace technologies and pharmaceuticals.
More and more jobs involve work in service industries
or in information technology. Along with the
United States and Mexico, Canada is a partner
in the North American Free Trade Agreement.
Over the next few years,
Canada will grow more rapidly than any other
industrialized
nation. Canada’s stable and resilient
economy depends on the country's immense reserves
of natural resources and strong manufacturing,
commerce and services industries. Canada is
a free market economy with much less government
intervention than most European nations and
has traditionally had a slightly lower per
capita GDP than USA (whereas wealth has been
more equally divided), but higher than the
large western European economies. For the last
decade, after a period of brief turbulence,
the Canadian economy has been growing rapidly
with low unemployment and large government
surpluses on the federal level. Currently Canada
has the lowest unemployment rate in the last
3 decades of its history.
For more details visit:http://www.canadianeconomy.gc.ca/english/economy
Energy
Canada
is one of the only developed nations that is
a net exporter of energy. Most important
are the large oil and gas resources centred
in Alberta, but also present in neighbouring
British Columbia and Saskatchewan. The vast
Athabasca Tar Sands give Canada the world's
second largest reserves of oil after Saudi
Arabia. The Oil sector continues to be the
leading sector requiring skilled workforce,
making it one of the largest sources of creating
new jobs.
Government
Canada
is a federation, with a parliamentary system of government.
Being a federation means that powers
and responsibilities are divided between the federal
government and the provincial governments. Canada also
has three territorial jurisdictions. Canada has three
levels of government: federal, provincial and municipal
(cities and towns). The citizens of Canada elect these
governments. Multi-cultural
Diaspora
Canada is a land of immigrants. People who
have migrated from every part of the world, have
contributed to the
growth of Canada. Through the Canadian Multiculturalism
Act, the government encourages Canadians to take pride
in their language, religion and heritage and to keep
their customs and traditions within the bounds of compliance
with Canadian laws.
Overall Canadian Job Market Scenario
Prolonged
year-on-year negative birth-rate combined with the
fact that most of the
baby boomers now in
rearly stages of retirement, has led to an acute shortage
of skilled workers in Canada. The total number of landed
immigrants through Canada’s immigration process
are in-sufficient, by a long margin, to fill the skilled
workers requirements.
The sustained growth of Canadian economy and the continued
shortage of skilled workers has resulted in innovative
Canadian Government Programs seeking skilled workers
with transferable skills, to live and work in Canada.
Targets for 2006-2007 allocate up to 116,000 employer
sponsored Work Permits alone including PNPs (Provincial
Nominee Programs) run by various Provinces of Canada,
which can lead to a very fast Permanent Residency for
such workers
Legal Requirements to Work in Canada
To
work in Canada, you need to be legally authorized /
eligible to be employed by way of :
- being a Canadian citizen
- being a Candian Permanent
Resident (legal immigrant status equivalent to
USA Green Card), or
- having / obtaining a employer
sponsored from CIC (Citizenship and Immigration
Canada)Work
Permit duly
authorized in certain cases by Service Canada
formerly called HRSDC (Human Resources and
Skills Development
Canada)
|
|
