Immigrants are very expensive for Canada
In the new economic plan, investments are focused on the environment and attracting immigrants.
Canada has released its 2022 Fall Economic Report. It outlines the government's plan to continue to manage the economy and support its residents in the face of inflation. Measures outlined in the report mainly include affordable living, investment in a green economy and welcoming immigrants.
Immigration Plan
Immigration is a key factor in Canada's economic growth, so in the new Incoming Immigrants Plan the government has once again increased the goals for the number of new arrivals per year.
The government has already decided to allocate $1.6 billion CAD over the next six years to process immigration applications and resettle newcomers. The new economic plan adds $315 million CAD to this amount. An additional $50 million CAD will be used to reduce the backlog of unprocessed applications.
Jobs
The $250 million CAD over 5 years from 2023-2024 will be used to invest in jobs and training with a focus on clean technology and sustainability.
The government will create a Training Center for Sustainable Employment, which will analyze the situation in the labor market, forecast the need for specialists and participate in the development of training programs.
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