Not to dismiss the many challenges facing newcomers to Canada but perhaps some data/business news will help keep the growing hysteria from some circles in check. People tend to zero in on one or two immediate issues that back up their criticisms while not bothering to look at the benefits or the big picture. Things are rarely as negative or positive as some try to paint things. Some is negative, some positive. Whether the net benefit is positive of negative requires one to look at it all. Some won't want to read it but here are some of the positives.
Canada job gains double expectations, wages accelerate
The country added 40,000 jobs in August, while the
unemployment rate held steady at 5.5% following three straight monthly increases, Statistics Canada reported. Rising workers’ compensation reflects some remaining tightness in the labour market, with
wages accelerating to 5.2%, beating expectations for a 4.7% gain and up from 5% a month earlier.
https://www.bnnbloomberg.ca/canada-j...rate-1.1968816
Canadian economy to get 'back on its feet' next year, Deloitte Canada says
A better-than-expected U.S. outlook and
continued population growth here will offset some of the downward pressure from high household debt, soaring interest payments and stubbornly persistent inflation, the company said in its latest economic outlook report, released Thursday. "The recovery will pick up steam in the second half of 2024 because it's during the time we anticipate the
Bank of Canada will be able to pivot from having high interest rates we're living with today," she said.
https://www.bnnbloomberg.ca/canadian...says-1.1977528
Blackstone bets on Canadian immigration to usher in growth
With highly educated immigrants set to grow Canada’s population, one of the world’s largest asset management firms is looking to invest heavily in the country. Blackstone, the world’s largest alternative asset management company which oversees US$1 trillion in assets, is opening up an office in Canada as it commits to growing its presence and investments in the country .... company has
“a lot of enthusiasm” about Canada’s economy – and he
sees the country’s growing population as its largest asset for future growth and productivity.
https://www.bnnbloomberg.ca/blacksto...owth-1.1977071