Statistics Canada reports that new immigrants in Canada are now experiencing faster employment growth than their Canadian-born peers, closing the employment gap. Immigrants aged 25-54 have seen a 10.7% increase in employment rate from 2010 to 2023, while Canadian-born workers saw a 4.1% increase. The employment rate gap dropped from 13.1% in 2010 to 6.5% in 2023. Unemployment rates for immigrants also decreased from 12.1% in 2010 to 6.6% in 2023. Immigrants recovered faster from COVID-19 employment setbacks, especially in the accommodation, food services, and retail sectors. Immigrants are also contributing more than one-third of all patents and increasing their participation among investors in Canada despite making up only a quarter of the population.
