the CanadaVisa Team - 23 July, 2015
Not only is job creation growing steadily in Canada, but a large proportion of this growth is in sectors with high employment quality.
This is according to the Canadian Imperial Bank of Commerce (CIBC)'s employment quality index, which measures job quality based on compensation, stability, and its impact on the overall economy. Canada's index rose by 3.8 per cent this year to its highest level in over two years, with the province of Saskatchewan as the new national leader.
Furthermore, significant wage increases are predicted for 2008, with the highest raises going to workers in Western Canada. It is forecast that Alberta will record the greatest increase at 5.2 per cent, ahead of Saskatchewan and Manitoba at 4.6 per cent, and British Columbia at 4.2. Above-average gains are predicted for the construction,transportation, utilities, and natural resources sectors. The oil and gas sector will lead the increase with workers earning 5.7 per cent more in 2008.
Canada's economy is predicted to experience continued success over the next five years, according to the Economist Intelligence Unit. Canada has climbed tofourth place in the unit's assessment of business conditions over the next five years. It is behind Denmark, Finland, and Singapore, but ahead of theUnited States, which fell to ninth place. As a result, Canada can emphasize its comparative attractiveness as a destination for foreign direct investmentto companies looking to get into the North American market.
