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On October 26, the Bank of Canada (BoC) increased the policy interest rate by 50 basis points, up to 3.75%. 2022 has been a year full of continual interest rate hikes, as the BoC has been increasing its policy interest rate throughout the year in an effort to aggressively combat inflation in Canada. Initially, when
The coming month is likely to be a busy one for Canada’s immigration sector. There are several end-of-year developments expected in the coming weeks that will lay a foundation for immigration targets and trends for the next year and beyond. Immigration, Refugees and Citizenship Canada (IRCC) will announce the process for the PGP 2022 in
On September 14, Immigration Refugees and Citizenship Canada (IRCC) issued 3,250 invitations to apply in the most recent Express Entry draw, the sixth since all-program draws resumed on July 6. The minimum cut off Comprehensive Ranking System (CRS) score was 511. There was no program specified for the draw, meaning that invitations were issued to
As of August 22, Canada has welcomed about 300,000 new permanent residents. Immigration Minister Sean Fraser boasted last week that Canada has hit the 300,000 mark earlier this year than any other year. Since Confederation in 1867, Canada has welcomed more than 300,000 immigrants in an entire year only six times: in the years of
Canada has resumed all-program Express Entry draws as of July 6. Since then, the number of Invitations to Apply (ITAs) issued in each draw has grown by 250 each week, causing the Comprehensive Ranking System (CRS) score requirements to go down. That being said, score cutoffs are still quite high. The most recent Express Entry