Canada's newcomers to Canada will raise the country's population to nearly 1 percent and cover most of the shortage in the local labor market, the CBS News reported.
This comes after Canadian Immigration Minister Ahmed Hussein announced that Canada will receive an additional 40,000 immigrants annually from next year to 2021, bringing the number from 310,000 annually to 350,000 over the next three years.
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Canada's announcement of these figures, Wednesday, October 31, 2018, as part of a new government plan to raise multi-year migration rates covering the next three years from 2019 to 2021.
Canada's immigration minister said there was an urgent need for immigrants within the economic program across the country, which is suffering from a lack of employment, with rising employment rates of older people.
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He added that the multi-year immigration scheme makes Canada one of the most competitive players in the global market to bring the best experts and skills to the country.
Hussain stressed that the current government is taking a concrete approach to immigration, while taking into account the need to ensure that new arrivals arrive at their proper places.
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The Canadian Government's Economic Advisory Board had proposed in 2016 that 450,000 people would be accepted over the next three years.
The current government has raised funding for resettlement services for newcomers by 30 percent since Prime Minister Justin Trudeau took office in November 2015.
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"Increasing the levels of migration significantly will require increased funding," he said. "We can not bring in 450,000 people at once.