Manitoba’s Growing Economy Creating Canadian Jobs
Manitoba is steadily becoming a provincial economic powerhouse that is creating thousands of new jobs in Canada. The Conference Board of Canada reported in December 2015 that the Canadian province of Manitoba is likely to have the second highest level of economic growth in Canada during 2016 (after #1 British Columbia), with its Gross Domestic Product (GDP) expected to grow by a healthy 2.5% this year. Furthermore, the Conference Board of Canada forecasts that Manitoba is likely to enjoy the strongest economic growth of any province or territory in Canada by 2017, with its GDP predicted to grow by an impressive 3.0% next year. Manitoba’s sustained stellar economic performance is attracting many skilled foreign workers who move to Canada, since Manitoba is one of the best places to find Canadian jobs.
Over the past few years, Manitoba has consistently had one of the lowest unemployment rates of any Canadian province or territory and this is likely to continue for at least the next couple years. Consequently, not only are many people who immigrate to Canada settling in Manitoba, but Canadian citizens are also moving to Manitoba from other parts of the country to seek employment there.
Strong economic growth in Manitoba can be attributed to its diversified economy in which construction, manufacturing, mining, and the service industry are all doing well at the same time. According to the Associate Director of the Conference Board of Canada, Marie-Christine Bernard, “Manitoba will be one of the country's strongest economic performers in 2016, thanks to healthy growth across key sectors, such as construction, manufacturing and service industries.”
The Conference Board of Canada forecasts that the construction industry in Manitoba will experience healthy growth of 1.4% in 2016, while the manufacturing sector in Manitoba is expected to enjoy a robust 3.4% growth rate this year. Services in Manitoba are also predicted to do very well over the next couple years. For example, the finance, insurance and real estate sector is collectively expected to grow by 3.4% this year as well as in 2017, while the transportation/warehousing industry is forecast to grow by 2.5% in 2016, followed by an incredible 4.1% growth rate next year.
Another reason business is booming in Manitoba is that its provincial government has significantly increased public spending for various projects in the province, which further stimulates Manitoba’s economy, according to the Michael Benarroch, who is the Dean of the Asper School of Business at the University of Manitoba.
Therefore, if you are considering Canadian immigration in the near future, you may want to move to Manitoba where the economy is expanding and there are jobs available in many high-demand occupations. To find out if you are likely to qualify for immigration to Canada, click here!
