Skilled immigration makes Canada the eighth strongest economy in the world

Skilled immigration makes Canada the eighth strongest economy in the world

The Center for Economics and Business Research’s (CEBR) World Economic League Table’s latest report predicts that Canada will become the eighth largest economy in the world in the next decade. The report compared GDP from 2019 to the next 15 years and predicted that the Canadian economy will rise from tenth in the current world rankings to ninth in 2024, and eighth in 2029. The report’s summary states: “The two western economies, Canada and Australia, have succeeded in attracting skilled immigrants. It is predicted that the two countries will continue to rise.” Canada is expected to become the eighth largest economy and Australia the 13th largest. According to the report, Canada’s population has grown by 1.1% per year between 2014 and 2019 due to its success in bringing in skilled immigrants.

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