A recent report sheds light on the Canadian population residing abroad– estimated at around four million people in 2016, which constitutes just over 11 per cent of the country’s total population, according to Statistics Canada.

The report, published Monday from the McGill Institute for the Study of Canada, was commissioned by Senator Yuen Pau Woo, who is calling on Ottawa to create a strategy for how to better support Canadian expats.

The figure marks a significant increase of about 36 per cent since 1990, marking a growing trend of Canadians choosing to relocate.

While data on the Canadian diaspora remains limited, the report found that citizens by descent make up 51 per cent of Canadians living abroad, with those born in Canada representing 33 per cent and naturalized Canadians making up the remaining 15 per cent.

The report said one of the challenges to tracking this diaspora is that motivations to reside abroad vary, including permanent emigration and reverse migration from Canada.

For naturalized Canadians—those who acquire citizenship later in life—the Institute for Canadian Citizenship said the country is seeing a steady rise in onward migration after four to seven years of arrival in Canada.

Between 2017 and 2019, onward migration patterns were 31 per cent higher than average, impacting Canada’s immigration targets.

As well, a recent study from Statistics Canada found that more than 15 per cent of immigrants decide to leave Canada within 20 years of admission as permanent residents, either to return to their homeland or immigrate to another country.

The McGill report said the trend of onward migration is likely linked to “increasing costs of living in Canada,” and “unrealistic pathways towards recognizing foreign degrees.”

The Canada flag on the Peace Tower is lit up by morning light on Parliament Hill in Ottawa, May 9, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Data from the Asia Pacific Foundation of Canada (APFC) suggest the largest Canadian population outside of Canada is found in the United States, followed by Hong Kong, the United Kingdom and Australia.

According APFC’s data, Canadians have strong ties to East Asia, with South Korea, China and Japan ranking among the top 10 countries Canadians reside in.

But while the number of Canadians abroad may be growing, the McGill report notes that Canada’s relationship to its diaspora is defined by a lack of support and attention.

Areas like health care coverage, taxation and voting are indications of that relationship, the report says.

For example, while provinces have their own set of guidelines that allow residents to retain their provincial health coverage during extended absences, their coverage may be cancelled if they relocate permanently.

The report calls for greater transparency to help the diaspora access relevant information prior to and during their stay abroad.

For taxation, two groups of Canadians are still required to file annual tax returns and pay taxes on their Canadian income— residents temporarily outside of Canada and those who commonly reside in other countries and pay taxes only on income received in Canada.

In the area of voting, the most lenient rules apply to residents of Ontario and Québec, where the provincial governments accept voting from abroad for up to two years after the date of departure. The McGill report suggests provinces need to re-examine the efficacy of the current mail-in voting method and consider adopting electronic voting from abroad.

The report calls for policy recommendations across taxation, health care coverage and consular services to ensure active support for the diaspora and an official government strategy towards Canadian expats.

“An engaged and active support for the diaspora creates a stronger Canadian international network; a community that not only votes and pays taxes, but that has the ability to promote Canada abroad,” the McGill report said.

If you previously immigrated to Canada and have since left the country, or are thinking of leaving the country, CTVNews.ca wants to hear from you.

What factors might have influenced your decision to leave Canada? Did you face any obstacles in Canada that contributed to your decision leave? What made you move to Canada in the first place?

Share your story by emailing us at dotcom@bellmedia.ca with your name, general location and phone number in case we want to follow up. Your comments may be used in a CTVNews.ca story.

Countries with largest Canadian population outside Canada

1. United States

2. Hong Kong

3. United Kingdom

4. Australia

South Korea, China and Japan also rank among the top 10

With files from The Canadian Press

Source link

The cryptocurrency market has witnessed a surge in the adoption of technical analysis techniques, a trend that has sparked debates and raised concerns about potential impacts on market dynamics. Technical analysis, which involves studying historical price and volume data to identify patterns and predict future movements, has long been a staple in traditional financial markets. However, its application in the highly volatile and speculative crypto realm has drawn both praise and criticism.

On one hand, proponents argue that technical analysis provides a structured approach to navigate the erratic crypto markets. By identifying support and resistance levels, trend lines, and candlestick patterns, traders can make informed decisions and potentially capitalize on market opportunities. Popular indicators like moving averages, relative strength index (RSI), and Fibonacci retracements have proven valuable in timing entries and exits.

Critics, however, contend that the crypto market’s inherent unpredictability and susceptibility to external factors, such as regulatory changes and social media sentiment, render technical analysis less reliable. They argue that fundamental analysis, which evaluates a cryptocurrency’s underlying technology, adoption, and real-world utility, should take precedence over chart patterns.

In the world of global markets, traders demand a good trading platform that empowers them with better tools, real-time data, and unwavering support.  QuebexWealth, is a trading juggernaut that redefines the investment experience, dedicated to all your trading needs from a single, intuitive dashboard.

All Your Trading Needs from the QuebexWealth Dashboard!

QuebexWealth’s trading platform is a true game-changer, offering an immersive experience that keeps you ahead of the curve. With a easy to use interface, you can effortlessly navigate through a wealth of features designed to elevate your trading prowess.

Favourites/Watchlist Tab

Stay on top of your game by curating a personalized watchlist of your preferred assets, ensuring you never miss a beat in the financial markets.

Market Watch

Gain real-time insights into global markets with QuebexWealth’s dedicated market watch feature, providing you with up-to-the-second data on prices, volumes, and market movements.

News and Alerts

Stay informed with QuebexWealth’s  news and alerts system, delivering timely updates on market-moving events, regulatory changes, and breaking news that could impact your trading strategies.

Interactive Charts

Dive deep into technical analysis with QuebexWealth’s powerful interactive charting tools, equipped with a vast array of indicators, drawing tools, and customizable layouts to suit your trading style.

Expert Insights and Analysis

Leverage the expertise of QuebexWealth’s team of specialised analysts, who provide in-depth market insights, research reports, and actionable recommendations to guide your investment decisions.

Direct Customer Support

Experience unparalleled support with QuebexWealth’s dedicated customer service team, available 24/7 to address your queries, provide guidance, and ensure an easy trading experience.

A Detailed Trading Ecosystem

QuebexWealth’s dedication extends beyond its luxury platform. As one of the best trading platforms in Canada, QuebexWealth offers a diverse range of trading options, empowering you to navigate global markets with confidence:

• Forex
• Stocks
• Commodities
• Indices
• Cryptocurrencies
• Bundles

For those interested in exploring crypto technical analysis, here are some tips and advice:

Understand the Basics: Familiarize yourself with candlestick patterns, support and resistance levels, and common indicators like moving averages and RSI. Start with reputable educational resources and practice on historical data before trading live.

Combine with Fundamental Analysis: While technical analysis can provide entry and exit signals, it’s crucial to complement it with fundamental research on the cryptocurrency’s underlying technology, team, and adoption prospects.

Manage Risk: Cryptocurrencies are highly volatile, and no analysis technique is foolproof. Implement proper risk management strategies, such as stop-losses and position sizing, to protect your capital.

Stay Updated: The crypto market is rapidly evolving, with new trends, regulations, and technologies emerging constantly. Continuously educate yourself and adapt your strategies accordingly.

Whether you just started your trader journey or you are an expert in your investment journey, QuebexWealth’s vast ecosystem provides the tools, resources, and support you need to get the best results in the financial landscape.

With QuebexWealth, you can rest assured that you’re partnering with a trusted and reputable platform that prioritizes your success.

Health Canada and the United States Consumer Product Safety Commission (U.S. CPSC) issued a recall for a number of baby products on Thursday, citing a range of hazards from fire risk to strangulation.

Among the recalled products is the Crate & Barrel Hampshire baby crib purchased between June 2022 and November 2023. Health Canada in its notice said the crib was being “recalled due to fall and entrapment hazards.”

“The crib mattress supports can become loose, dislodge or damaged, posing a fall hazard and entrapment hazard,” the notice read.

Health Canada said as of March 27, the company has received two reports of faulty screws that connect the mattress support to the crib in Canada, one report of the mattress support being damaged and no reports of injuries.

In the United States, the company has received 12 reports of the mattress support becoming loose or dislodged, one report of the mattress support being damaged and no reports of injuries.

Health Canada also issued a recall for the Shandi 0-25Kg Big Space Electric Baby Crib Cradle Infant Rocker Auto Swing Bed Baby Cradle. The agency said the cradle carried a “risk of entanglement and strangulation.”

The email you need for the day’s
top news stories from Canada and around the world.

“Health Canada’s sampling and evaluation program has determined that these cradles do not meet the Cribs, Cradles and Bassinets Regulations in Canada. Specifically, the product contains a restraint system which is not allowed as it poses a risk of entanglement and strangulation,” the notice said.

“Health Canada reminds parents and caregivers that the safest place for a baby to sleep is on their back on a firm, flat surface intended for sleep.”

A children’s hooded bathrobe sold online on Temu.com with barcode 4156793706 was also recalled “due to flammability hazard.”

 

“Loose-fitting children’s sleepwear can contact ignition sources such as stove elements, candles, and matches more readily than tight-fitting sleepwear, and once ignited will burn rapidly, potentially resulting in severe burns to large areas of the child’s body,” Health Canada said.

For the crib and cradle, Health Canada recommends users contact the companies for a refund and immediately stop using the product.

For the bathrobe, the agency asks users to keep the product away from children and destroy it.

Source link