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Canada has emerged as the world's leading destination for global talent, according to a prestigious management consulting firm, Boston Consulting Group. This is based on survey data from over 200,000 respondents across 197 countries. The report ranks Canada ahead of the USA in attracting foreign workers as its number one choice.
The significant shift indicates that Canada has moved up to first place since a previous ranking placed it third in both 2018 and 2014, whereas the US dropped from this top position. Notably, Australia climbed three spots to secure second place third in 2014, while the UK slipped from second place to fifth.
The ranking highlights Canada's unprecedented lead as a preferred destination:
Canada
Australia - Ascing from seventh in 2014
United States
Germany
UK
Japan
New Zealand
Singapore
Switzerland
Ireland
The report notes that Canada's attractiveness spans a wide demographic spectrum:
It is favored by those with advanced degrees masters or PhDs, digital skills, and professionals under 30 years old.
Even in the blue-collar segmentthe service sector, manual jobs, or manufacturingCanada is ranked fourth globally after Germany, Japan, and Australia.
Notably, Canadian regions like Toronto-Waterloo are recognized as major tech hubs alongside Silicon Valley. With a focus on superclusters in digital technology, advanced manufacturing, among others, Canada offers unmatched opportunities for career growth.
Canada's immigration policies have become more favorable compared to other countries that have limited their intake over the past few years. The country's Global Talent Stream program has significantly simplified processes for companies looking to hire high-skilled foreign workers, enabling rapid entry into Canada within as little as two weeks.
The ranking is bolstered by Canada's outstanding quality of life, which includes political stability, a welcoming diversity, and vast opportunities for career advancement. According to the US News World Report in 2019, Canada was ranked number one globally for its standard of living.
Canada's ascension to the top spot as a destination for global talent reflects not just economic conditions but also its cultural appeal. The combination of diverse communities, robust innovation ecosystems like Waterloo-Waterloo, streamlined immigration processes, and unparalleled quality of life makes Canada an attractive choice for workers from around the world.
To gn deeper insights on Canada's global talent pool and the unique opportunities presented by cities like Waterloo, you can explore Boston Consulting Group’s comprehensive report or visit our blog section for additional resources.
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Canadas Global Talent Attraction Boston Consulting Group Talent Report Top Destination for Foreign Workers Advanced Degree Talent Migration Streamlined Canadian Immigration Processes Quality of Life in Canada Highlighted