One of the world's leading economies
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Canada stands out as one of the world's leading economies, securing the eighth spot in global rankings for economic freedom. This accomplishment is underpinned by the nation's robust governmental integrity, which ensures transparency and accountability, as well as its strong fiscal health. These factors collectively contribute to Canada's reputation as a powerhouse in the global economic landscape. The country's commitment to a sound economic framework and governance has positioned it among the top nations in terms of financial strength and freedom.
GDP Growth
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Canada holds a significant economic position globally, being recognized as the 10th richest country. This distinction is attributed to the continual growth of Canada's Gross Domestic Product (GDP). The country's economic trajectory has been robust, with consistent expansion, and it is anticipated to maintain its standing among the world's top 10 economies in the foreseeable future.
Natural Resources
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Canada has one of the largest and most developed economies globally, characterized by its diverse sectors and abundant natural resources. Canada is rich in natural resources, including minerals, timber, and energy resources. The country is a major exporter of commodities such as oil, natural gas, and minerals.
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Canada's service sector is a significant contributor to Canada's GDP, with industries such as finance, healthcare, education, and technology playing crucial roles. Cities like Toronto and Vancouver are particularly important financial and tech hubs.
Safe and Peaceful
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Canada's standing as the third most peaceful country, coupled with its 11th-lowest crime rate and minimal threats to personal security and natural disasters, highlights the nation's commitment to creating a secure and tranquil environment for its citizens and those who visit.
Work Permit Stream
Temporary Foreign Worker Program
The Temporary Foreign Worker Program (TFWP) enables Canadian employers to hire foreign nationals temporarily to address labor shortages in the country. The program is a collaborative effort between Immigration, Refugees, and Citizenship Canada (IRCC) and Employment and Social Development Canada (ESDC).
International Mobility Program
The International Mobility Program (IMP) allows Canadian employers to hire temporary foreign workers without undergoing a Labour Market Impact Assessment (LMIA). While typically necessary for hiring foreign workers, there are several exemptions to the LMIA requirement.
Business Visitors
Unless they are visa-exempt, all visitors to Canada require a visitor visa to enter the country, regardless of the type of activities they will pursue once in Canada. Business visitors must therefore apply for a temporary resident visa (TRV), or visitor visa, to come to Canada.