Canada face worst job crisis.. turning from a dream destination to a nightmare

[andhra_jp]

In Short

• Canada's unemployment rate for recent immigrants in five years was 12.6% in June
• It is the worst rate among immigrants since 2014. Youth unemployment rate high too
• Indians, the biggest cohort to get permanent residency, might have been hit hard

The unemployment rate for recent immigrants to Canada in the last five years was 12.6% in June. This is the worst in a decade. Indians, at 30%, are on top of the list to have got permanent residency in Canada and are likely to have been hit by the job crisis.  

The companies in Canada are struggling with high interest rates, and they have become more hesitant to hire in the last two years. The Canadian population has increased due to a strong influx of immigrants.

“Canada’s unemployment story is less about job losses and more about population growth. Immigration is rising much faster than the country’s economic capacity to create jobs, leading to much higher unemployment for new immigrants and young adults competing for similar roles," wrote Canadian outlet, Better Dwelling. 

[JANASENA]

Nice happened aithe ippudu K gallu andaru India vapas vasthara 

[andhra_jp]

Unaffordable housing

Canada faces a housing affordability crisis as a rapidly increasing immigrant population has far outpaced the number of available homes, leading to increases in prices and rents. High inflation and 22-year high interest rates have also driven up mortgage costs.

With their Canadian dream nearly shattered, many students are even left vulnerable to self-harm.

With the gig economy also taking a severe blow, students who depend on part-time jobs — like waiting in restaurants, and working as couriers and store clerks — to sustain themselves in the country are experiencing heightened financial frustration.
 

Rising crime

Overrun by gangs, Canada has seen its crime graph rising. In March, a Toronto police officer suggested that residents leave their car keys by the front door to avoid a home invasion, seemingly to let criminals steal their vehicle if they break in, leave and avoid injuries, Global news had reported. Later, the Toronto Police Service issued a statement Wednesday confirming that an officer made the remarks at a recent community meeting. “While well meaning, there are also other ways to prevent auto theft motivated home invasions,” it said. In Toronto, home invasions and break-ins for auto thefts rose 400 per cent last year, the Toronto Police Service said.