Canada has lifted most of its pandemic-related lockdown restrictions which has reignited the Canadian economy. Many Canadians returned back to their jobs while others started with new jobs.
The coronavirus-related lockdown caused nearly 3 million people to lose their jobs between February and April this year. Nearly 2.5 million could not attend their jobs due to pandemic-related reasons, as per a report by Statistics Canada.
The month of May saw the Canadian economy recovering as nearly 290,000 people returned to their jobs. June was even better as Canada added 953,000 new jobs to help reduce the unemployment rate across the country. The last couple of months saw the Canadian market recover by almost 40% as over 1.24 million got new jobs.
The unemployment rate of Canada dropped from 13.7% in May to 12.3% in June.
Participation of the labour force in Canada has also increased substantially in the last couple of months. The rate of labour force participation went up by 63.8% in June. The labour force participation rate in February was 65.5%, before COVID19 happened.
Labour force participation rate is the number of people aged 15 years or above who are actively working in Canada.
The drop in the unemployment rate has made many more people optimistic about finding a job. Another factor in the increase in the labour force participation rate is the introduction of the Canada Emergency Student Benefit. The CESB was introduced with an aim to reduce the financial strain on students who were affected by the coronavirus-related restrictions.
June also saw the number of part-timers going down from 34.3% to 26.9%.
Popular provinces in Canada also saw an increase in the number of new jobs created. The number of new jobs in Ontario increased by 378,000 or 5.9%. British Columbia saw an increase of 118,000 or 5.4% and Quebec recorded an increase of 248,000 or 6.5%.
The reopening of the economy of Canada brings good news to new Permanent Residents of Canada. It also helps to increase the confidence among new Canada PR Visa holders who are still overseas and those aspiring to apply for the Canada PR Visa process.
However, it is to be noted that even during the coronavirus-related lockdown restrictions, the IRCC did not stop the Canada immigration process. The IRCC continued to hold Express Entry draws alternating between PNP-specific and CEC-specific draws.
The latest job statistics of Canada bring good news to aspiring immigrants. They can expect a stronger Canadian job market once they have obtained the Canada PR Visa.
So, how can you apply for the Canada PR Visa?
The most popular way to gain Permanent Residency in Canada is through the Express Entry Program. The first eligibility requirement of the Express Entry Program is that you should qualify for either the FSWP, FSTP or CEC. If you are eligible for any one of these programs, you may create an online Express Entry profile.
Based on the information in your Express Entry Profile, you will be assigned a score through the Comprehensive Ranking System (CRS). Eligible applicant profiles are then placed in the Express Entry Pool. These applicants are then ranked on the basis of their CRS scores. The higher you score, the faster you receive an invitation to apply for the Canada PR Visa.
Do you know what your CRS score is? Use a CRS calculator to find out.
Now that you have checked your CRS score, you feel that it is not too high. What should you do then?
First of all, do not lose heart. You can always apply through any of the Provincial Nominee Programs. There are over 80 Provincial Nominee Programs available in Canada. Each of them has unique requirements depending on the labour market need of that particular province. Some of them have a much lower CRS score requirement than the federal Express Entry Program. There are also some PNPs who do not use the CRS score as all. You need to meet the eligibility criteria of that PNP to apply.
Getting a provincial nomination can set you on the fast-track path to Canadian Permanent Residence. A provincial nomination brings with it 600 extra points. Adding these 600 extra points to your CRS score means that you are guaranteed to receive an invitation in the next invitation round.
Once you receive an invitation, you get 60 days to submit your Canada PR Visa application along with medicals and police clearance certificates. The whole Canada PR Visa process can take anywhere between 6 to 10 months.