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Canada is a country of immigrants, and the contributions made by immigrants have helped shape the country into the multicultural and prosperous nation that it is today. Immigration has been and remains essential to Canada’s economy and social fabric. This article will explore the importance of immigration to Canada and its economy, the number of migrants, the immigration plan for 2023-2025, and the increase in the percentage of newcomers to the labor market. 

Immigration plays a crucial role in Canada’s economy, especially in addressing labor market needs and ensuring economic growth. The Canadian government recognizes the importance of immigration and has consistently been pursuing policies that attract and retain immigrants. 

Immigrants contribute significantly to Canada’s labor market, filling critical skill gaps, and driving innovation and economic growth. According to a study by the Conference Board of Canada, immigration accounted for two-thirds of Canada’s labor force growth in 2019. Immigrants also tend to be entrepreneurial, creating jobs and spurring economic development. 

Immigration is also essential to Canada’s demographic growth, as the country’s birth rate is below the replacement level. Without immigration, Canada’s population would decline, and its labor force would shrink, leading to a potential economic downturn. 

Canada has a long history of immigration, and today it remains one of the top immigration destinations in the world. In 2020, despite the challenges posed by the COVID-19 pandemic, Canada welcomed over 184,000 new permanent residents, with the majority settling in Ontario, Quebec, and British Columbia.