Canada made public the results of its latest Express Entry draw. The draw results were released on September 28 and this was the 7th draw of the year. A total of 3,750 Invitations to Apply were issued to federal programs candidates by Immigration, Refugees and Citizenship Canada (IRCC).
The CRS cut-off was set 6 points lower than the previous draw held on September 14 at 504. Candidates from the Federal Skilled Worker Program, Canadian Experience Class, Federal Skilled Trades and Provincial Nominee Program were eligible for this round of invitations.
For this year so far 17,250 immigration candidates have been invited to apply for Canadian permanent residence visa under the Express Entry.
The IRCC suspended all Express Entry draws for a duration of more than 18 months starting in December 2020. During this time, only those who were eligible for permanent residency through the CEC or the Provincial Nominee Program were asked to apply (PNP). However, CEC draws were also halted in September 2021.
If you are a Canada PR candidate, there is some excellent news for you. According to the most recent report, there are currently around one million vacant vacancies in Canada, an all-time high rate of 5.7%. Statistics Canada has released the findings of the Job Vacancy and Wage Survey report for the second quarter of 2022. It also shows that there are more vacancies now than there were in the first quarter of 2022 and 42.3% more than there were in the second quarter of 2021.
According to the study, the average hourly wage across all industries increased by 5.3% in the second quarter of 2021. It is currently $24.05 per hour. The average hourly wage for all currently employed workers, however, only grew by 4.1%.
These gains are not comparable to the growth in the consumer price index (CPI), a key indication of inflation. The CPI increased by 7.5% as compared to the same period in 2021. Jobs in five industries had the highest likelihood of salary increases. Professional, scientific, and technological industries saw the largest increase, 11.3%, with an average hourly wage of $37.05. In the wholesale trade, the average hourly wage is $26.10.
Retail trade job incomes climbed just 5.7% over the past year, less than the CPI, while healthcare and social support increased by only 3.6% to $25.85. In general, the hourly pay for the majority of job vacancies is equal to or less than the CPI for the second quarter of 2022.
Express Entry serves as the application management system for the Federal Skilled Worker Program (FSWP), the Federal Skilled Trades Program, and the Canadian Experience Class (CEC) (FSTP). In the Express Entry pool, candidates for the Provincial Nominee Program (PNP) are already eligible for at least one of these programs.
Candidate profiles are ranked using Express Entry's points-based Comprehensive Ranking System (CRS). The top candidates receive an Invitation to Apply (ITA), which enables them to file a permanent residency application.
After the candidate submits the application, an IRCC representative reviews it before reaching a determination. The officer may also seek other papers or set up an interview in addition to collecting biometric data. If this is successful, the applicant will then be a permanent resident of Canada and will have taken a step toward attaining Canadian citizenship.
Don't wait. The time will never be just right.
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