Understanding Canadian Economy and Job Market – Study to Succeed

Last Updated on May 6, 2019 by West Highlander

The lifestyle, disposable income, level of satisfaction, educational level, health status, employment rate and international relations define the status of an economy. The better these factors grow; prosperous is the country. The economy of Canada exposes excelling features by being a highly developed mixed economy. The country has tenth largest GDP in the world and lowest inflation rate. Service sector is dominant in the economy providing employment to three-fourth of the population. A major factor which places Canada in a win-win situation is its low population density and enormous resource base.

The primary sector of the country grabs exponential importance unlike other developed countries owing to its huge logging and oil industry. Canada owns world’s 3rd largest petroleum reserves and is among the top exporters of the same. Canada cherishes world’s longest coastline which makes it a leader in commercial fishing and sea food industry.

In the manufacturing sector, automobile and aircraft industries are most prominent. Windsor region of Canada is called the hub of Automobile Industry. Canada is among the headmen in entertainment software industry.

Talking about the international relations of the country, Canada is a member of APEC, WTO, G7, G20, NAFTA and OECD. The friendly environment, cross-cultural diversity and political stability are other facets that add-up to the worth of the nation. For students looking for study abroad options, Canada leaves you in no doubt by being such an attraction. By attaining study in Canada, you can create a career you would have dreamt of.

Job market scenario in Canadian economy: With the major proportion of the population employed in tertiary sector, the economic growth is mainly concentrated in four cities: Vancouver, Calgary, Montreal, and Toronto. You should definitely possess a work permit to work in Canada; otherwise you can be deported to your home country to never be allowed again to enter. Various industries which offer plethora of employment opportunities to graduates include auto parts manufacturing, wood manufacturing, oil and petroleum, chemicals, civil and construction, logistics and supply chain, water and natural resources, tourism and hospitality, IT, and marine and fishery.

The average annual salary in Canada has been on a rise since 2013. It’s been $51,000 in 2017. There are lot many opportunities for students who study in Canada to learn and grow. The international students can opt for internships or as apprentices either paid or unpaid to grab a practical experience. To study in Canada and opt for a potential job, students have to be fluent in the native languages – English and French or at least in one of these. The better communication skills you possess, the greater options you have at your disposal.

For Indian students, study in Canada is an eminent option and prepares students to beat the challenges of future within their graduation tenure. If you are also looking forward to study in Canada or other study abroad destinations like New Zealand or Australia, seek expert guidance at West Highlander Career Consultancy.