I have been reading posts regarding expats who are finding it hard to find a job in Canada.
It is about time someone breaks the silence and tells it as it is.
The European Union is Canada's second most important trading partner. EU exports of goods to Canada in 2010 is 26.6bn and EU imports of goods from Canada in 2010 is 20.1bn ( http://ec.europa.eu/trade/creating-oppo … ies/canada )
Canada exports $34.50bn CAD annually to the EU with net profit of approx. 10% or $3.450bn.
One of the most important elements of foreign trade is Hard Currency. Bringing in money from foreign countries is vital to the local economy and the local currency.
Canada's main and most important source of Hard Currency is the money that immigrants bring in with them. The majority of immigrants bring their life savings with them when they immigrate. Over 300,000 immigrants arrive each year with an average of $50,000 per individual (the minimum for Business Immigrants is much higher, $800,000 http://www.cic.gc.ca/english/department … -07-11.asp)
The annual Hard Currency that the 300,000 immigrants bring in is nearly FIVE times the profit that Canada makes from its trade with all the EU countries put together.
If immigrants were allowed to work upon arrival then the $15 billion will not be spent, the $15 billion will either be saved or even sent back home to immigrants' perspective countries.
You can imagine the importance of that money NOT to be sent back home and NOT to be saved. It MUST be SPENT in Canada in order to be part of the fiscal economy.
What makes immigrants spend their savings is not just the "three year Canadian experience" scheme but also the culture of scam artists who are allowed to flourish in order to speed up the spending of what immigrants bring in, Hard Currency.
Everything is designed to speed up the process of spending the $15 billion during the same fiscal year before another $15 billion arrive the next year.