The Canadian Government Must Expand Opportunities for Immigrant Investors, Study Concludes

Annual Contribution of $2 Billion to the Canadian Economy

TORONTO, March 24 /CNW/ - Three prominent Canadian economists recommend that the Canadian government expand its Immigrant Investor Program, which provides an annual contribution estimated at $2 billion to the Canadian economy.

A study released today by Analysis Group measured the economic impact of the Program, which was founded 25 years ago to encourage the immigration of individuals likely to provide a positive economic and social contribution to Canada. In the study, Roger Ware, Professor of Economics at Queen's University, Pierre Fortin, Emeritus Professor of Economics at Université du Québec à Montréal and Pierre Emmanuel Paradis, Senior Economist at Analysis Group, conclude that Canada should welcome more immigrant investors, as they directly contribute to alleviating the country's demographic and economic challenges.

The authors of the study state that the "Immigrant Investor Program should be not only maintained, but expanded. It is financially profitable from a management standpoint, and results in the presence in Canada of thousands of affluent families who significantly contribute to the economy. Moreover, their demographic profile and the integration of the second generation directly contribute to respond positively to our future economic and social challenges. Also, because they still represent only 3% of new immigrants to Canada, their numbers may well be raised substantially."

Since its inception, more than 130,000 individuals have immigrated to Canada through the Immigrant Investor Program. About 34,400 of these immigrants were principal applicants and the rest were their family members. Program participants must demonstrate a net worth of at least $800,000 (all countries combined), commit to an interest-free investment of $400,000 for five years and possess adequate business and management experience.

Mr. Ware, Mr. Fortin and Mr. Paradis indicate that the Canadian Program is clearly competitive vis-à-vis similar initiatives designed to attract wealthy immigrants throughout the developed world. In addition, they recommend that Canadian authorities leverage the study's analysis as a starting point to optimise the Program's criteria and conditions compared to similar international initiatives and improve its weaker aspects. Specifically, they suggest reducing the processing time of applications, analysing the levels of initial contribution and wealth requirements, and improving the integration of new immigrants.

On the selection process, the study states that "although the number of applications processed reached an all-time high of 3,700 in 2008, it represented only half of the total number of applicants during this same year. A huge inventory has resulted from this excess demand, with nearly 9,000 files still waiting to be processed at the end of 2008."

The benefits of the Program include direct foreign cash inflows, productive use of investor funds, acquisition of personal assets (houses, cars, etc.) and personal consumption items, net productive contribution of immigrant workers and entrepreneurs, and the integration of second-generation immigrants in Canadian labour force and society.

Additional findings of the Analysis Group study include:

- top-5 countries of last permanent residence for immigrant investors
in Canada are China (29 %), Hong Kong (23 %), Taiwan (22 %), South
Korea and Iran. After 1999, mainland China became the main source
country, accounting for 53% of all investor immigrants;
- British Columbia is chosen as the primary province of settlement by
49% of all investor immigrants, followed by Ontario (23%) and Quebec
(22%);
- each immigrant investor is accompanied, on average, by three family
members, which is almost twice as much as in other economic immigrant
categories;
- the majority of immigrant investors were between 40 and 49 years old
at the time of immigration;
- educational attainment has substantially improved over time, as the
proportion of individuals with a high school education or less
dropped from 50% to 30% in recent years after 2000;
- immigrant investors are active players in the Canadian economy,
having acquired an average of $721,500 in personal and business
assets in Canada, including real estate;
- a majority of immigrant investors (82% of respondents) reside in
Canada on average between 10 and 12 months a year. About 90% of them
bought an apartment or house after settling in the country;
- among self-employed immigrant investors, some 30% were active in
business in Canada, with 12% having invested more than $1 million in
business assets;
- about 80% participated in philanthropic activities by donating their
time and/or financial support to a charity organization.

Canadians immigration looks at future skills needs as economy improves

Posted on 23 March 2010 by Apostolos Papapostolou
Source: http://canada.greekreporter.com

The Canadian economy is doing better than expected. There are increased job opportunities, overall trade data including oil exports are on the up. It is against this background that Immigration Minister Jason Kenney announced recently a consultation to identify likely future skills needs. Canadian immigration will look at possible changes to make it easier for immigrants with the right skills to gain entry to Canada.
The Canadian Government would like views of Canadian on steps to take to make sure that Canada fully recovers from the recent Worldwide economic recession. The consultations will consider worker shortages in trades and professions in Canada. It will also look at factors that affect an immigrant’s ability to find a job in Canada.

The immigration consultations will help with the development of instructions to immigration officers on which economic immigration applications should be eligible for processing to help meet Canada’s skilled labour needs. The Action Plan for Faster Immigration resulted in the first set of instructions being issued in November 2008 which kept the backlog of applications from growing, and reduced the waiting times for immigrants.
“The Action Plan for Faster Immigration is designed to make immigration more responsive to Canada’s economic conditions. When these conditions change, the instructions are meant to change too,” said Minister Kenney. “The first set of instructions has had a significant impact, but our research shows it is time to revise them to make sure they continue to meet their goals.”
Canadian immigration says that the Action Plan for Faster Immigration has reduced the federal skilled worker category backlog by 40 percent. Previously there was a backlog of 600,000 applicants. Canadian skilled worker immigration applications are now dealt with within a year. This compares with processing times of perhaps six years under the old immigration system.

Internationally Trained Engineers Experience Success Through Employer-Led Bridge Training Program

Citizenship and Immigration Canada, Ministry of Citizenship and Immigration and Toronto and Region Conservation Celebrate Success of Professional Access and Integration Enhancement (PAIE) Program Participants -

TORONTO, March 22 /CNW/ - Thousands of trained and educated professionals immigrate to Canada every year with the intention of building a better life, advancing their careers, and contributing to the Canadian economy. However, significant barriers restrict internationally trained professionals from continuing their careers in Canada. Toronto and Region Conservation (TRCA) is taking action to promote access to Canadian work experience through the Professional Access and Integration Enhancement (PAIE) Program for Internationally Trained Environmental Professionals, a program that is funded by federal and provincial levels of government through Citizenship and Immigration Canada and the Ministry of Citizenship and Immigration. On March 23rd, TRCA will be hosting an event to celebrate the successful completion of the program by 45 Internationally Trained Environmental Engineers representing India, China, Egypt, Colombia, Iraq, Pakistan, Nigeria, Ukraine, Bangladesh, Iran, Philippines and Venezuela to name a few.

The event also celebrates the dedication and support of funders, partners and employers who helped make the program a success. Many participants have been gainfully employed in their professional field and obtained their professional licenses through Professional Engineers Ontario and the Association of Professional Geoscientists of Ontario.

"The inclusion of sustainable communities and social equity within The Living City vision is a testament to our role as a leader and innovator within the environmental field," said Brian Denney, CAO, Toronto and Region Conservation. "PAIE candidates bring technical expertise, global perspective and cultural insight; assets that are pertinent to the success of organizations operating within the GTA. These participants have worked very hard to complete the program and their dedication, along with the support from our funders, partners, and participating employers will help make the GTA a greener, healthier place to live."

Now in its fourth year, PAIE is well established and recognized as a successful and effective mechanism to connect employers with highly skilled talent, offsetting the labour shortage and filling employment gaps that have been identified in the environmental sector, while providing much-needed Canadian experience to deserving candidates.

The PAIE Program provided participants with 150 hours of Enhanced Language Training, over 80 hours of Technical Training Workshops and a series of hands-on field excursions led by TRCA and industry experts. In addition, the program offered highly-skilled 12-month paid engineering work placements with host employers in the public and private sectors.

The PAIE Program is working in conjunction with ACCES Employment Services, Professional Engineers Ontario, Workplace Communication & Diversity Inc., A2Z Technical Services Ltd., Council for Access to the Profession of Engineering, Skills for Change and MCB Solutions.

PAIE - CELEBRATING EXCELLENCE
DATE: Tuesday, March 23, 2010
TIMES: 8:30 a.m. (Registration); 9 a.m. - 11:30 a.m. (Event and
Recognition)
LOCATION: Black Creek Pioneer Village, 1000 Murray Ross Parkway,
Downsview, Ontario
WHO: Meeta Bhimani, Director of Settlement Operations, Toronto &
York, Citizenship and Immigration Canada; Rahel Ogbagzy, Senior
Program Advisor, Ministry of Citizenship and Immigration; Gerri
Lynn O'Connor; Chair, Toronto and Region Conservation
Authority; Brian Denney, CAO, Toronto and Region Conservation
Authority; Kathy Wallace, P. Geo Associate Terraprobe; and
Meranda Morcos, PAIE Participant.

With over 50 years of experience, Toronto and Region Conservation (TRCA) helps people understand, enjoy and look after the natural environment-creating a cleaner, greener and healthier place to live, for you today and for your children tomorrow. For more information, call 416-661-6600 or visit us at www.trca.on.ca

For further information: For media information contact: Rowena Calpito, Supervisor, Media Management, Toronto and Region Conservation, (416) 661-6600 ext 5632, rcalpito@trca.on.ca

Canadian Immigration a boost for economic and social diversity

Since 1892, Canadian immigration programs have helped boost the country’s economic, social, and cultural diversity by helping new migrants enter the country.

The Canadian immigration service, or Citizenship and Immigration Canada, was created in 1994 to link Canadian immigration services with citizenship registration, to promote the unique ideals all Canadians share, and to help build a stronger Canada.
In 2008, the Multicultural Program was moved from the Canadian Heritage department to the Canadian Immigration department.

The mission of Citizenship and Immigration Canada is to develop and implement policies, programs and services that facilitate the arrival of new migrants and their successful settlement into Canada, as well as enhancing the values of Canadian citizenship, and fostering increased intercultural understanding.

The main goal of the Canadian Immigration department is to advance the global migration policies in a way that supports Canada’s immigration and humanitarian objectives, with an approach to Canadian immigration that responds to the needs of communities in all parts of the country.

To achieve this goal the department strives to deliver impartial, unbiased and accountable decisions for all applicants.
Some of the work that the Canadian Immigration service does includes:


* Admitting migrants, overseas students, temporary workers and tourists who will aid Canada’s economic growth and social vibrancy;
* Resettling and protecting refugees;
* Aid new migrants in adapting to Canadian society;
* Provide security and integrity of the Canadian borders and laws; AND
* Help Canadians and newcomers alike to be full participants in the economic, political, social and cultural life of Canada.

These roles build upon Canada’s history of welcoming migrants, and the Canadian immigration and refugee system, combined with a network of other organisation, are among the best in the world.

Recent statistics show that one out of every six Canadian residents was born outside Canada, proof that Canadian immigration has helped make the country culturally rich and progressive.

In terms of migration, Canadian Immigration service handles five different types of processes: tourism visitors, temporary workers, overseas students, permanent migrants, and refugees.

Depending on the country of nationality, and the reason for your visit, you may need to meet certain entry requirements to enter Canada. In some cases Canadian Immigration will require you obtain a Temporary Resident Visa, which can be applied for online but must be obtained before you can board a flight to Canada. Even if you are a citizen of a country where you do not need a Canadian Visa to enter you must still have a valid passport. For specific information on passport requirements it is recommended to seek advice from the Canadian Embassy in your country.

It is important to note the visa exemption does not guarantee automatic entry into Canada, as you must still satisfy a Canadian immigration officer that you are admissible.

If you want to work temporarily in Canada you are part of some 90,000 foreign workers who enter Canada and help address skills shortages.

Canadian Immigration issue work permits for temporary workers, but not all temporary workers need a permit and your employer will help you determine if you are eligible. If you do not need a work permit to work in Canada you will still need to adhere to other Canadian immigration rules.

For example, athletes and coaches are one category for which you may not need a work permit but if you are from a country that Canada requires having a visa you must apply for a Temporary Resident Visa.

Foreign students to Canada obtain a Canadian Study Permit, or a Temporary Resident Visa depending on the length of stay and the country of origin. But before you can apply to Canadian immigration for a study permit you must be accepted at a recognised school, university or college in Canada.

Canada has a number of different categories whereby a person can immigrate to Canada, with programmes for: skilled workers and professionals; Quebec-selected skilled workers; Canadian experience class; investors, entrepreneurs and self-employed people; provincial nominees; and a family class.

Negotiating the permanent migration process can sometimes be difficult; some many people choose to use a migration agent to help them with Canadian immigration. A migration agent also may also be able to help a new permanent migrant beyond the immigration process, with advice for moving, government services contacts, and other relevant information for completing the move to Canada successfully.

Canadian immigration also offers protection for refugees, in and outside of Canada, who fear returning to their home country. Canadian immigration provides protection to thousands of people every year who fear persecution or whose removal from Canada would subject them to any danger.

Canada operates a global refugee resettlement program that in 2007 resettled refugees of about 70 different nationalities. On average, Canada resettles 10,000 to 12,000 refugees every year, and both the domestic refugee system and the resettlement program have been praised by the United Nations High Commissioner for Refugees.

Source: Whitehaven News

Wealthy Iranian family cruises Tofino looking for investments

By Stefania Seccia, Canwest News ServiceMarch 22, 2010 1:02 PM

TOFINO — Wealthy investors from Iran toured Tofino Sunday looking for potential financial prospects that may help them immigrate to Canada, according to Tofino-Long Beach Chamber of Commerce president Ram Tumuluri.

B.C. has the Provincial Nominee Program (PNP) that opens the doors for both business investors and skilled workers to immigrate to Canada. "If a foreigner invests a minimum of $200,000 in B.C. they are considered for permanent residency," Tumuluri said. "It could be more, but it's a minimum of $200,000 to qualify."

There were about 15 members of an Iranian family touring and each had a net worth of approximately three million CAD, Tumuluri added. The family wants to escape its country's current struggle and move to a more peaceful nation, he explained.

"It helps the Canadian economy," he said. "It's the right approach and the right program." Larger cities tend to get a lot more attention from foreign investors and Tumuluri said he knew the Iranian family was traveling to Nanaimo for a tour.

"So we organized a day trip and a program including going out on a boat and eating lunch," he said. "So they could get a feel of the natural beauty here." However, the incumbent immigrants must invest in a related field of their occupations.

"For instance if one of them is a restaurateur in his own country he has to invest in a restaurant," Tumuluri said. The members in the group have backgrounds in the media, medical and real estate development professions, according to Tumuluri.

B.C.'s PNP is a collaboration between the Ministry of Advanced Education and Labour Market Development and the federal Citizenship and Immigration Canada, according to its website www.welcomebc.ca.

There are two components to the program: strategic occupations and business immigrations. A successful applicant to the PNP program accelerates the permanent resident application process. "Tofino can use the exposure," Tumuluri said

Putting skills to the best advantage

By Ian MacLeod, The Ottawa Citizen March 19, 2010

Henry Akanko is the director of Hire Immigrants Canada, which is one of five winners of the 10th annual Arthur Kroeger College Awards for Public Affairs.

Henry Akanko is the director of Hire Immigrants Canada, which is one of five winners of the 10th annual Arthur Kroeger College Awards for Public Affairs.
Photograph by: Chris Mikula, The Ottawa Citizen, The Ottawa Citizen

Hire Immigrants Ottawa has been working since 2006 to assist employers who are integrating skilled new Canadians into the workforce.

It is a commitment that has led the group to be one of five winners of the 10th annual Arthur Kroeger College Awards for Public Affairs presented by Carleton University.

Hire Immigrants Ottawa "brings together employers, immigrants, agencies and other stakeholders, including post-secondary institutions and labour groups to address the systemic barriers that affect the effective integration of immigrants into the local labour forces," said the organization's director Henry Akanko.

"We know that the average skilled immigrant isn't working in a job that reflects the education and experience they bring to this country. So if you look at the underutilization of their talents, that's huge, both from the point of view of the loss to the economy in terms of what they're capable of producing and what they are able to earn for themselves," he said.

The organization has helped 750 skilled immigrants find meaningful employment over the past four years. It is funded by the government of Ontario, Citizenship and Immigration Canada and with support from the United Way.

With lower birthrates, declining numbers of post-secondary graduates and unprecedented numbers of retirements, labour shortages will soon be felt across several sectors of the economy.

Ottawa is the second largest recipient of immigrants in Ontario, says the organization. The underusage of skilled immigrants costs Canada's economy between $3.4 and $5 billion per year, according to the Conference Board of Canada.

Akanko said about 20 per cent of new immigrants to Ottawa have backgrounds in licensed professions such as medicine, pharmacy, law and engineering. The other 80 per cent, "should be able to apply to a position and don't need to have their qualifications assessed and require a licensee to be able to work in their field. That's quite a big number."

Akanko said "there's a wide range of issues that account for this. There are employers who are not familiar with the education or the institutions that these people attended and so don't know how that compares with Canadian university standards. You often hear immigrants talk about employers' preferences for Canadian work experience. It becomes a chicken-and-egg then. That becomes a barrier," he said.

He said "you meet people who have incredible work experience and incredible levels of education and yet have been unable to find skills appropriate to work in their fields and are doing other dead-end jobs. There are lots of individuals who are doing jobs very unrelated to their skills in terms of what they're able to contribute."

Hire Immigrants Ottawa's objective is to increase the capacity of employers in the Ottawa region to effectively integrate skilled immigrants into the local workforce. This objective is being achieved through three key elements:

- Employer Council of Champions: Hire Immigrants Ottawa's "Employer Council of Champions" (ECC) is a cross-sector council featuring senior executives from top Ottawa public and private sector employers, influential business associations, and labour groups. The ECC gives employers a collective voice, enabling them to champion successful integration of skilled immigrants into the workforce.

- Working Groups: To complement the work of the ECC, there are sector-specific Working Groups in health care, information technology, finance, public service and biotech industry. Human resource representatives from ECC organizations sit on the appropriate sector working group, working together with expert stakeholders to address systemic barriers to employment for skilled immigrants.

- Create Awareness: Hire Immigrants Ottawa is creating local awareness to promote greater understanding of the social and economic value immigrants bring to Ottawa.

As well, said Akanko, Hire Immigrants Ottawa hosts sector-specific coaching events, bringing together employers, potential employees and other stakeholders.

Kroeger award organizers say the success of Hire Immigrants Ottawa in working with employers, immigrant assistance agencies and other stakeholders is a model for other municipalities to follow.

The Arthur Kroeger Awards, named after the late chancellor of Carleton University and a public servant of singular distinction, celebrate commitment to the public good.

The awards will be presented at a gala dinner at the Fairmont Château Laurier on April 8.

600,000 skilled workers in line for Canadian visas

By Mata Press Service

Close to 600,000 skilled workers around the world are waiting in line to get into Canada with some processing missions showing visa queues that could stretch up to 15 years, a top immigration expert said.
Using data obtained via Access to Information requests, Richard Kurland, a lawyer and one of Canada’s top immigration analysts said that the numbers are an early warning sign for Immigration Canada to act and reduce the waiting times.
There are 594,274 people in inventory waiting for 80,055 skilled workers visas in 2010, Kurland estimated.
“Parliament does not want long processing queues for skilled workers, and gave the Minister of
Citizenship and Immigration harsh policy tools (“C-50”) to be deployed in this kind of situation,’ said Kurland in his latest Lexbase information bulletin.
“The Minister needs to consider downsizing the number of eligible occupations from the current 38, to a much smaller number.”
The global average waiting times for all categories at all missions is 2.64 years.
“But then we examined the skilled workers. A very different picture emerges. Global average for all missions is 7.62 years ,” Kurland noted.
Kurland said downsizing the total number of eligible occupations does not mean Canada loses out on potential immigrants.
“The people who are no longer eligible federally, may apply under Provincial Nominee Programs, or can choose to seek temporary status in Canada under the Foreign Worker Program and subsequently apply under the Canada Experience Class… Canada’s door remains open,” said Kurland.
“It may be unpopular politically, but the Minister needs to fix this.”
Current projections and estimates show processing times for skilled workers of 12.79 years (New Delhi 117,098 people); 7.69 years (Hong Kong 30,763 people); 57.80 years (Nairobi 8,960 people); 33.51
years (Accra 18,688 people), or 30.06 years (Islamabad).
“Experience shows that unless a Minister is able to say ‘no’, processing inventories will bloat, and processing times will continue to lengthen beyond reasonable limits,” warned Kurland.
Kurland’s warning comes as Statistics Canada reported that Vancouver’s visible minority population is on track to become the majority over the next two decades.
The report shows visible minority groups are growing rapidly and will account for 59 per cent of the metro region’s total population by 2031, up from a current figure of about 40 per cent.
Immigration — led by China and South Asia — is a leading factor in the changing demographic picture.
Of the estimated two million visible minorities living in the region in 20 years’ time, one in three will be Canadian-born, the report states.
Nationally, Vancouver’s diversity projections are second only to Toronto, which could be home to 63 per cent of visible minority residents by 2031. The Abbotsford-Mission region ranks third with an estimated population of 39 per cent over the same time period, followed by Calgary (38 per cent), Ottawa (36 per cent), Windsor, (33 per cent) and Montreal (31 per cent).
Meanwhile, Immigration and Multiculturalism Minister Jason Kenney said he is streamlining the process for assessing the language skills of applicants to the Federal Skilled Worker and Canadian Experience classes.
“The language requirements themselves have not changed,” said Minister Kenney.
“But beginning April 10, 2010, prospective immigrants will be required to prove their English and French language abilities at the time they apply. This requirement supports our commitment to fast, fair and efficient application processing.”
Previously, to prove language ability in French or English, applicants could either submit an independent, third-party test or a written submission to a visa officer.
An immigrant’s English or French language ability is one of the strongest predictors of their success in the job market.
Kenney also announced a new internet resource for newcomers to help them quickly and easily find a range of government services, in addition to settlement services, in their communities
This resource is easy to find at www.servicesfornewcomers.cic.gc.ca.

Canada’s Open Arms Immigration Policy: A Stark Contrast with US and Western Europe

Posted on March 18, 2010

by Andrés T. Tapia; research by Susan Welch–

Canada faces an unprecedented labor shortage. In Calgary, Alberta McDonald’s is paying $15/hr and bookstores are forced to close at 3:30 pm because there are not enough workers to keep the stores open. A Globe and Mail report announced in 2008, that due to its aging population, the growth of Canada’s workforce is slowing down considerably each year, and by 2016 its workforce growth will be zero. This spells economic and societal trouble for Canada in the years ahead, which according to demographers and economists will lead to lower living standards as the ratio between workers contributing to state pensions through payroll taxes and retirees gets increasingly unbalanced.

The bright spot in this demographic shift is the youth and vitality new immigrants continually bring to Canada. And it’s Canada’s Open Arms policy to newcomers that keeps this labor pipeline flowing. In fact, in the developed world, Canada has the highest rate of immigration. This in turn is dramatically transforming the face of Canada.

Check out these eye-popping stats. While, by 2001 the census had already crowned Toronto the world’s’ most diverse city, with half its population born outside Canada, here’s what the picture is going to look like by 2031 as reported in The Globe and Mail:

* one-third of Canada’s residents will be visible minorities (what Americans refer to racial/ethnic minorities)
* one-fourth of Canada’s residents will be foreign-born
* 63% of Toronto will be visible minorities
* 60% of Vancouver will be visible minorities, with a majority from China
* 30%+ of Montreal will be visible minorities, most will be Blacks and Arabs
* 28% of visible minorities will be South Asians from India, Pakistan, and Sri Lanka; 21% will be Chinese.

Canada’s foreign-born boom is rooted in an immigration policy change enacted in the 1960s. Following World War II, Canada opened its doors to European immigrants (later closing them to Eastern European immigrants as the Cold War began). Eventually, as racial and ethnic discrimination increasingly was discouraged, Canada eliminated racial, ethnic, and religious barriers to immigration. By 1971, a majority of immigrants to Canada were non-European.

Today, Canadian leaders such as John Barrett, Ambassador to Austria and whom I heard speak at the World Diversity Leadership Summit held in Vienna in early March 2010, believe their country is poised to reap the benefits of its open immigration policies: “Immigrants are welcomed to Canada,” Barrett said. But listen to how he then captures Canada’s open-arms policy in an extraordinary and simple statement: “We see immigrants as future citizens.” He then goes on to explain the rationale: “We believe that bestowing the honor of full citizenship on them begets full participation from them. We say to the new arrivals, ‘Welcome to Canada. Make it better.’”

Canada’s welcome provides a dramatic contrast to current attitudes toward immigrants elsewhere in the U.S. and Europe, where the presence of the foreign-born elicit for many a spectrum of negative feelings anywhere from discomfort with their different looks and ways to fears that lead to outright hostility. The US and countries throughout Western Europe face contentious and controversial debates around immigration policy that, unlike Canada’s stance, reveal a lack of social consensus as to whether immigrants are welcome or not, or whether or not they are good for the economy.

In the meantime, Canada has made up its mind: immigration is good for us. It has bet its future on it.

Worthwhile Canadian Initiative

By:Fareed Zakaria
Source: www.newsweek.com

The legendary editor of The New Republic, Michael Kinsley, once held a "Boring Headline Contest" and decided that the winner was "Worthwhile Canadian Initiative." Twenty-two years later, the magazine was rescued from its economic troubles by a Canadian media company, which should have taught us Americans to be a bit more humble. Now there is even more striking evidence of Canada's virtues. Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors. Yup, it's Canada. In 2008, the World Economic Forum ranked Canada's banking system the healthiest in the world. America's ranked 40th, Britain's 44th.

Canada has done more than survive this financial crisis. The country is positively thriving in it. Canadian banks are well capitalized and poised to take advantage of opportunities that American and European banks cannot seize. The Toronto Dominion Bank, for example, was the 15th-largest bank in North America one year ago. Now it is the fifth-largest. It hasn't grown in size; the others have all shrunk.

So what accounts for the genius of the Canadians? Common sense. Over the past 15 years, as the United States and Europe loosened regulations on their financial industries, the Canadians refused to follow suit, seeing the old rules as useful shock absorbers. Canadian banks are typically leveraged at 18 to 1—compared with U.S. banks at 26 to 1 and European banks at a frightening 61 to 1. Partly this reflects Canada's more risk-averse business culture, but it is also a product of old-fashioned rules on banking.

Canada has also been shielded from the worst aspects of this crisis because its housing prices have not fluctuated as wildly as those in the United States. Home prices are down 25 percent in the United States, but only half as much in Canada. Why? Well, the Canadian tax code does not provide the massive incentive for overconsumption that the U.S. code does: interest on your mortgage isn't deductible up north. In addition, home loans in the United States are "non-recourse," which basically means that if you go belly up on a bad mortgage, it's mostly the bank's problem. In Canada, it's yours. Ah, but you've heard American politicians wax eloquent on the need for these expensive programs—interest deductibility alone costs the federal government $100 billion a year—because they allow the average Joe to fulfill the American Dream of owning a home. Sixty-eight percent of Americans own their own homes. And the rate of Canadian homeownership? It's 68.4 percent.

Canada has been remarkably responsible over the past decade or so. It has had 12 years of budget surpluses, and can now spend money to fuel a recovery from a strong position. The government has restructured the national pension system, placing it on a firm fiscal footing, unlike our own insolvent Social Security. Its health-care system is cheaper than America's by far (accounting for 9.7 percent of GDP, versus 15.2 percent here), and yet does better on all major indexes. Life expectancy in Canada is 81 years, versus 78 in the United States; "healthy life expectancy" is 72 years, versus 69. American car companies have moved so many jobs to Canada to take advantage of lower health-care costs that since 2004, Ontario and not Michigan has been North America's largest car-producing region.

I could go on. The U.S. currently has a brain-dead immigration system. We issue a small number of work visas and green cards, turning away from our shores thousands of talented students who want to stay and work here. Canada, by contrast, has no limit on the number of skilled migrants who can move to the country. They can apply on their own for a Canadian Skilled Worker Visa, which allows them to become perfectly legal "permanent residents" in Canada—no need for a sponsoring employer, or even a job. Visas are awarded based on education level, work experience, age and language abilities. If a prospective immigrant earns 67 points out of 100 total (holding a Ph.D. is worth 25 points, for instance), he or she can become a full-time, legal resident of Canada.

Companies are noticing. In 2007 Microsoft, frustrated by its inability to hire foreign graduate students in the United States, decided to open a research center in Vancouver. The company's announcement noted that it would staff the center with "highly skilled people affected by immigration issues in the U.S." So the brightest Chinese and Indian software engineers are attracted to the United States, trained by American universities, then thrown out of the country and picked up by Canada—where most of them will work, innovate and pay taxes for the rest of their lives.

If President Obama is looking for smart government, there is much he, and all of us, could learn from our quiet—OK, sometimes boring—neighbor to the north. Meanwhile, in the councils of the financial world, Canada is pushing for new rules for financial institutions that would reflect its approach. This strikes me as, well, a worthwhile Canadian initiative.

© 2009

Quebec pushes immigrants to Gatineau

Quebec has renewed its push to lure immigrants from Montreal to regions with lower unemployment, and that is bringing more newcomers to the Outaouais.

"We face a big challenge in Quebec," said Robert Mayrand, head of Service intégration travail Outaouais (SITO), noting that the province is trying to boost the population in its regions.

He estimates his group, which offers employment and training services to immigrants, helps 200 people find jobs in the Outaouais every year.

"It means we are contributing in terms of personal revenue to the economy of Outaouais — See, it's $6 million a year that we push in the system."

In 2008, 87 per cent of immigrants settled in Montreal, and just 2.7 per cent in Gatineau, Immigration Québec reports. About 1,200 immigrants make their home in Gatineau each year, the province reports.

However, Montreal's unemployment rate was 9.2 per cent in February 2010 — significantly higher than the 6.1 per cent rate in Gatineau, the most recent Statistics Canada labour force survey shows. Statistics like that have led the Quebec government to work harder to redistribute its immigrants around the province.

Immigrants on the bus trip heard from politicians about the region's advantages, took a tour of the city, and attended a job fair.Immigrants on the bus trip heard from politicians about the region's advantages, took a tour of the city, and attended a job fair. (CBC)One of the province's initiatives is to fund bus trips that take immigrants to different regions of Quebec to learn about the area and meet local employers. Mayrand said the tour to the Outaouais restarted this year after a short hiatus in the program, which launched in 2002.

Eric Rakotomena, who is originally from Madagascar, was among the 50 immigrants who boarded a bus from Montreal last week to check out the Outaouais and the job opportunities there.

He has already visited Quebec City, Mont Tremblant and Tadoussac, but admits he didn't know much about Gatineau before his visit. He was impressed by what he learned.

"I want to stay here now," he said. "It's quiet and for life, there are fairly a lot of opportunities to do what you want to do and they're very helpful here in Gatineau."

Rakotomena and his tour-mates heard from city councillor Joseph De Sylva, who spoke of his own experience coming from an immigrant family. De Sylva, who represents Versant ward, said Gatineau is warm and open, and everyone finds his or her place there. Another city councillor and a Quebec immigration official were also on hand to pitch the community's advantages.

Afterward, the visitors took part in pre-arranged job interviews before heading to a job fair at Robert-Guertin arena organized by Emploi-Québec and the Gatineau chamber of commerce. They also received a tour of the city.

Rakotomena hoped to find a job as a maitre d'.

"I have my resume, I have everything — even my suitcase," he said. "As I said, I am ready to remain here today."

Rakotomena worked as a maitre d' in Madagascar and Israel before arriving in Montreal four years ago. In Canada, he has been unable to get a job in his field, despite the fact that he speaks five languages, including French and English.

He blamed the fierce competition and high unemployment in Montreal.
'The need is there'

Mayrand said employers in the Outaouais, meanwhile, are eager to hire, in part due to the stability in the job market provided by the federal government.

Robert Mayrand of SITO acknowledged that while the need for workers benefit immigrants who want to work in areas such as finance, things are more difficult for professionals such as doctors.Robert Mayrand of SITO acknowledged that while the need for workers benefit immigrants who want to work in areas such as finance, things are more difficult for professionals such as doctors. (CBC)"The need is there," he said.

He added that the community is multilingual and multicultural due to its proximity to Ottawa. "This helps to develop a good sense to be open to other people."

He acknowledged that while the demand for workers may help immigrants in the finance and service industries, things are more difficult for professionals such as doctors, who require accreditation by a regulatory association.

"That's another ball-game," he said. "It's a big big challenge. For us it's like a wall that we hit every time."

Hicham Alaoi, who is originally from Morocco, was another hopeful job seeker on the bus tour. Alaoi earned degrees in civil engineering and urban planning in France. He arrived in Montreal in January, and said he is attracted to the Outaouais by the opportunities for skating, cycling and the cultural scene in neighbouring Ottawa. However, Alaoi, who doesn't speak English, believes there are more job opportunities for him in Gatineau.

"The level of work in Gatineau, the culture in Ottawa — you need both," he added in French. "One complements the other, in my opinion."

Alaoi said he will need to pass some exams in order for his skills to be recognized in Canada, and acknowledges that he may have to take a job that is less interesting to him.

Meanwhile, job-ready Rakotomena didn't manage to land a job on his first visit to Gatineau and had to join the others on the bus back to Montreal.

He said he'd be back soon.

"I'm sure," he said. "Yes, [that's] why I come here."

Read more: http://www.cbc.ca/canada/ottawa/story/2010/03/17/gatineau-outaouais-quebec-immigrants.html#ixzz0iZykEL59

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