Canada's best-paying occupations and other news of the week
The most important events of the last week of October.
The country again raised the issue of breaking ties with the monarchy. The deputies of the province of Quebec demanded this. In Quebec, the officials of two parties refused the oath to King Charles III. But abandoning the monarchy is unlikely, as it will require unanimous approval from all provinces, the House of Commons, and the Senate, while the idea already has many opponents, including the Canadian Prime Minister.
The government took an important step toward combating violence. A ban on the purchase, sale, transfer, and import of handguns came into force. These are the most stringent gun control measures in the last 40 years. Now a bill is being developed in Canada to introduce a complete moratorium on revolvers and pistols and other measures to control the circulation of weapons are being discussed.
Wages and cost of living
The Bank of Canada raised the key interest rate for the sixth time this year. It has grown by 50 points and now stands at 3.75%. Thus, the Bank is trying to contain inflation, which is twice the target. In the long run, this should lower the cost of living, but right now, the rate hike is very painful for both companies and consumers.
Inflation is easier to deal with if you have a high wage. The Indeed employment portal published a list of the highest-paying jobs in Canada in 2022. The wages of these specialists reach up to $350,000 CAD per year. The list includes mainly healthcare and IT specialists. But there is also a list of occupations that can be obtained without education and experience.
The province of Ontario will temporarily register foreign-educated nurses, so they can work while obtaining their licenses. This will help thousands of professionals to get to work. In the future, the province will also limit the time to make licensing decisions and prohibit Canadian work experience from being required for a license.
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