the CanadaVisa Team - 21 July, 2015
With its stable banking system and solid economic history, Canada has been weathering the economic slowdown better than many other industrialized countries. Some individuals seeking greater economic stability are turning to Canada as an immigration destination and as a secure place to make an investment.
One case in point is the surge in interest among financial workers abroad in coming to work in the Canadian securities market. Canadian securities firms have not been cutting jobs as aggressively as bigger rivals from around the world. As a result, bankers and traders from London, New York, and other financial hubs are setting their sites on the Toronto job market, providing an opportunity for Canadian securities firms to recruit top talent.
A representative of Vlaad and Co., a Toronto firm that helps traders and bankers find jobs, says that in Canada "there is a good deal of optimism relative to the rest of the globe."
"We are getting so many calls inbound from expats - repatriation of Canadians who are in Dubai, London, or New York."
There has also been a slight upswing in business immigration in British Columbia (BC), according to an agency that helps immigrants settle in the province. Thomas Tam, of Success CEO, says that more wealthy business people have immigrated to BC in recent months.
"In the good economic times, all those business people are busy making money and they don't have the time for immigration, because time is money," he said. "But during the slow time, that's a time for them to look for immigration options for their family, for their children."
