Fastest growing industries in Canada
Canada’s economy is stable and strong and it is the world’s eighth-largest economy as of 2022. Canada, one of the world’s largest trading nations, is witnessing a strong rebound in all sectors after the pandemic.
The major reason for the continued economic growth of Canada is the country’s high immigration targets. The Canadian government aims to boost its economic growth with The Immigration Levels Plan 2023-2025. The new plan will admit 500,000 immigrants a year by the end of 2025.
Canada’s population is over 3.82 crores and almost 25% of the people are identified as immigrants. Approximately 75% of Canada’s population growth comes from immigration, mostly in the economic category. It is expected that by 2036 immigrants will occupy up to 30% of Canada’s population. Newcomers are getting solid opportunities in the national labour caused by either lack of qualified candidates or by a large number of retirements. Canada possesses several thriving industries that are constantly expanding. Have a look at the fastest-growing industries in Canada with the most in-demand skills.
Healthcare
The healthcare industry is one of the most rapidly growing industries in Canada. The aging population and advancement in medical technology create a high demand for healthcare professionals in areas like nursing, physiotherapy, pharmacy, dentistry, and many more. Currently, over 35% of physicians, 23% of registered nurses, and 39% of dentists are immigrants in Canada. The number of job vacancies in the healthcare industry is the highest of all sectors in Canada, with a vacancy of 143,800 vacant positions.
CANADA Immigration process of Healthcare worker
Most of healthcare workers arrive in Canada through an Express Entry Program. As the name suggests the immigration process happens within a short span of time mostly a few months. Express Entry Program targets highly skilled candidates in the Federal Skilled Worker Program, the Canada Experience Class, or the Federal Skilled Trades Program.
AGRICULTURE
Canada is the largest destination for U.S. exports of high-value agricultural products, with a 23% market share in 2021. The Canadian agriculture sector provides employment for over 243,000 people and currently has a job vacancy rate of more than 14,000. A recent study conducted by the Royal Bank of Canada observes that more than 40% of farmers in Canada will retire within 10 years. To tackle the short-term skill crisis Canada must accept 30,000 permanent immigrants over the next ten years to build more farms and greenhouses or to take over the existing ones.
CANADA IMMIGRATION PROCESS FOR AN AGRICULTURE OCCUPATION
IRCC recently announced it is extending the Agri-Food Pilot program and removing occupational gaps. Eligible occupations which fall under this program include:
- Retail Butchers
- Industrial Butchers
- Farm Supervisors and Specialised Livestock Workers
- Food Processing Labourers
- General Farm Workers
- Harvesting Labourers
TECH
Canada has a very strong technology sector with over 43,200 companies in the Canadian information and Communications Technologies Sector. One of the major components of the federal budget 2023 was to invest 20$ Billion to support the building of major clean electricity clean growth infrastructure projects. This will pave the way for demand in the tech sector.
AI continues to be an important technology investment area in Canada. The federal budget 2021 announced that it would give C$ 185 million to support the commercialization of AI research. In addition, Canada ranks 4 in the Global AI Index for its global competitiveness in AI implementation, innovation, and investment.
CANADA IMMIGRATION PROCESS FOR THE TECH INDUSTRY
As part of the temporary worker’s program, IRCC offers programs like the Global Talent Stream to bring in more tech workers to Canada. Provincial Nominee Programs like BC Tech Stream, OINP Tech Draw, Saskatchewan Tech Talent Pathway, and the Alberta Accelerated Tech Pathway help foreign workers to become permanent residents of Canada.
In this post-pandemic time, Canada is ready to welcome immigrants as they are in need of skilled labourers to meet the country’s needs. This is definitely a legit opportunity for people aiming to immigrate to Canada. The doors are wide open!