Syed Khan – November 08, 2021
As Canada moves into its post-pandemic recovery period, it is showing steady signs of economic recovery from COVID-19 which many of the other countries in the world are still reeling from. In the findings published by the latest Statistics Canada Labor Force Survey, employment is showing a steady and continuous recovery with unemployment at 6.7%, the lowest it has been in 20 months.
As Canada eases restrictions on borders and cases of COVID-19 under control, businesses across the country have started returning to normal while following the stringent public health restrictions set by the federal government.
Canada has also introduced booster shots and vaccine passports for travelers. These passports only allow vaccinated people to access non-essential services such as bars, restaurants, and sporting events.
At the beginning of September, the federal government had announced that it will give an amount of $100 to people who get their first or second COVID vaccine till mid-October. This lead to a 13 percent increase in vaccinations as reported by the AHS.
The mask mandate was also reintroduced for indoor public spaces and workplaces with school boards to decide their own plans on masking.
Comparisons show that unemployment levels pre-pandemic and post-pandemic are different by just 1% showing that the industry is well on its way to economic growth. In October, 72,000 jobs were added to the existing number and in that, 31,000 people found employment across Canada.
In the age group of 25-54 years, for men, employment returned to its pre-pandemic levels and for women, post-pandemic 98,000 jobs were added. All of these jobs were full-time work which shows Canada’s recovery from the pandemic in a positive light.
The provinces that added the most jobs were Ontario, British Columbia, and New Brunswick. The lowest unemployment rates are seen in Manitoba (5.3 percent), British Columbia, and Quebec (both 5.6 percent)
| Name of the province: | The number of jobs added: |
| Ontario | 37,000 |
| British Columbia | 10,400 |
| New Brunswick | 3,000 |
Industries that added the most jobs were:
| Name of the industry: | The number of jobs added: |
| Retail trade | 72,000 |
| Information, Culture, and Recreation | 15,000 |
Foreign investors looking to ride the wave of Canada’s economic recovery post COVID can start a business in Canada and apply for Permanent Residence via the Start-Up Visa program.
Many are looking to invest in Canada and this is evident with the investment statistics presented by CB Insights data. These startups raised $6.3 billion in the first six months of 2021, which is double the investment they received in 2020.
Canada also ranked fourth in the world in the 2021 Global Start-up Ecosystem Index Report. It has 3 cities ranked in the top 50 which is the third any country has, ranking behind only the US and China.
If you are looking to Study, Work, Visit or Migrate to Canada, talk to I Can Help Immigration Services, Canada’s No.1 Immigration & Visa Company to get the best help you need
