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Canada is one of the largest and most stable economies in the world, ranking 10th globally in nominal GDP (estimated at 2.2 trillion USD in 2025, according to the International Monetary Fund - IMF). This article provides a detailed overview of Canada’s economy, key industries, employment opportunities, and reasons why it is an ideal destination for those seeking to immigrate through investment or legal immigration programs.
Canada has a mixed economy, combining free-market principles with government intervention to ensure social welfare. The main features are:
Canada has a mixed economy
Mining and energy: Canada is one of the world’s largest exporters of oil, gas, and minerals. Alberta is the center of oil production, while Quebec and British Columbia lead in hydroelectric power.
Agriculture and forestry: Canada is known for wheat, corn, and timber, with provinces like Saskatchewan and Manitoba considered the breadbaskets of North America.
Fisheries: The fishing and aquaculture industry is strong in coastal provinces such as Nova Scotia and British Columbia.
Information technology: Cities like Toronto, Vancouver, and Montreal are technology hubs, home to giants such as Shopify, OpenText, and Ubisoft.
Finance: Toronto is North America’s second-largest financial center, hosting the Toronto Stock Exchange (TSX) and major banks like RBC and TD Bank.
Tourism and services: Tourism contributes over 100 billion CAD annually, thanks to popular destinations such as Niagara Falls, Banff, and Quebec City.
Free trade: Canada is a member of agreements like USMCA (United States-Mexico-Canada), CPTPP, and CETA, boosting exports and attracting foreign investment.
Business support: The government offers startup programs, tax breaks for small businesses, and incentives for foreign investors.
Social welfare: Public healthcare, free education from kindergarten to grade 12, and unemployment benefits help maintain a high standard of living for residents.
Canada’s stable economic policies
Canada’s economy creates numerous job opportunities, especially for immigrants, due to labor demand in sectors experiencing shortages. The following are potential industries:
Positions: Programmers, software engineers, AI specialists, and cybersecurity experts.
Average salary: 70,000–120,000 CAD/year (approximately 1.2–2 billion VND).
Strong hiring regions: Toronto, Vancouver, Ottawa.
Opportunities for immigrants: Programs like Express Entry prioritize skilled IT workers.
Positions: Nurses, doctors, community healthcare workers, and pharmacists.
Average salary: 60,000–150,000 CAD/year.
Strong hiring regions: Ontario, Quebec, Alberta.
Note: Immigrants need professional certification from bodies such as the College of Nurses of Ontario.
Positions: Civil engineers, construction workers, mechanical technicians.
Average salary: 50,000–100,000 CAD/year.
Strong hiring regions: Alberta, British Columbia.
Support policies: The Construction Worker Program helps immigrants regularize their status.
Positions: Teachers, researchers, and university lecturers.
Average salary: 60,000–110,000 CAD/year.
Strong hiring regions: Ontario, Quebec.
Opportunities: Provincial Nominee Programs (PNP) prioritize teachers and researchers.
Positions: Sales staff, restaurant managers, and hotel employees.
Average salary: 30,000–60,000 CAD/year.
Strong hiring regions: Nationwide, especially in tourist cities.
Note: Immigrants can apply for an Open Work Permit through sponsorship programs or Express Entry to work in these sectors.
There are many key industries and employment opportunities in Canada
Canada’s economy offers many benefits for immigrants, especially those seeking to build a long-term career and life:
Favorable business environment: Canada ranks high on the Doing Business Index, with programs like the Start-up Visa supporting foreign entrepreneurs.
High quality of life: The average annual salary is around 54,000 CAD (approximately 920 million VND), combined with reasonable living costs in provinces such as Manitoba or Saskatchewan.
Investment opportunities: Immigration investment programs, such as the Quebec Immigrant Investor Program or PNP, require investments ranging from 150,000–800,000 CAD, granting permanent residency for the entire family.
Cultural diversity: Canada welcomes immigrants from all over the world, with large Vietnamese communities in Toronto, Vancouver, and Montreal, facilitating easier integration.
Research the labor market: Understand workforce demand in different provinces to select the appropriate PNP program.
Prepare finances: Ensure you meet the financial requirements of investment or sponsorship programs.
Learn the language: English (IELTS) or French (TEF) is important to increase CRS points in Express Entry.
Consult experts: Contact reputable firms like Second Citizenship to get support in planning your immigration and preparing your application.
Contact us for support in working in Canada
Are you looking for opportunities to immigrate to Canada and take advantage of one of the world’s leading economies? Quốc Tịch Thứ Hai is an authorized agency with over 10 years of experience providing legal immigration investment programs in Canada, Europe, and the Caribbean. Our team of experts will help you choose the right program—whether Express Entry, PNP, or Start-up Visa—ensuring a smooth and successful immigration journey.
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