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Canada News-<\/strong> A new report is raising concerns about Canada’s ability to retain the global talent it needs to strengthen its economy, particularly as the nation navigates economic challenges.<\/p>\n According to a report commissioned by the Institute for Canadian Citizenship (ICC), highly educated and skilled immigrants are the most likely to leave Canada within five years of arriving.<\/p>\n Key Findings of “The Leaky Bucket 2025”<\/em><\/strong><\/p>\n The report, titled \u201cThe Leaky Bucket 2025,\u201d found that one-in-five immigrants leave Canada within 25 years of becoming permanent residents. This trend, known as \u201conward migration,\u201d peaks at the five-year mark.<\/p>\n Economic Consequences and Expert Commentary<\/strong><\/em><\/p>\n Daniel Bernhard, CEO of the ICC, warns that this “brain drain” will hurt Canada’s ability to respond to its economic challenges, including the federal goal to double non-U.S. exports in the next decade.<\/p>\n \u201cThese are the people who have built exactly the things \u2013 the railways, the infrastructure, the housing projects \u2013 in other countries, where they do it better than us, faster than us and cheaper than us,” Bernhard said in an interview. “They\u2019re the ones who can help us catch up. When we lose those people, we lose critical expertise.\u201d<\/p>\n The federal government has stabilized permanent resident admissions at 380,000 for the next three years. The ICC projects that if current trends continue, over 20,000 immigrants will leave Canada by 2031.<\/p>\n \u201cThe people who are uniquely positioned to help us realize our own goals… are the ones who are leaving the fastest,\u201d Bernhard stated. \u201cThis is not just the moral cost of selling a talented immigrant a false promise \u2013 this is avoidable self-sabotage.\u201d<\/p>\n Sectors Most Affected<\/strong><\/em><\/p>\n The report identifies the fastest-growing occupations with the weakest retention rates:<\/p>\n Specific data shows that experienced managers and executives leave at a rate 193% of the average, while healthcare professionals leave at a rate 36% higher than average.<\/p>\n A Call for a Retention Strategy<\/strong><\/em><\/p>\n The report, based on Statistics Canada data tracking immigrants from 1982 to 2020, notes that this trend has persisted for 40 years. Bernhard argues that immigration services are often geared toward language training and basic settlement, which highly skilled immigrants may not need.<\/p>\n He calls for a fundamental shift in strategy, suggesting Immigration, Refugees and Citizenship Canada (IRCC) should refocus from being a \u201cbouncer\u201d to acting as the nation’s human resources department.<\/p>\n \u201cIs (IRCC) the recruiter and making sure people come here and succeed,\u201d Bernhard asked, \u201cor is it the security guard to make sure that the bad people don\u2019t come in?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Canada News- A new report is raising concerns about Canada’s ability to retain the global talent it needs to<\/p>\n","protected":false},"author":3,"featured_media":2576,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-33577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"colormag-highlighted-post":false,"colormag-featured-post-medium":false,"colormag-featured-post-small":false,"colormag-featured-image":false,"colormag-default-news":false,"colormag-featured-image-large":false},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/18e12f979c7dbcc2096868fc531de295a11443c392b4bb6e60ce343131707eaa?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":false,"magazineBlocksPostExcerpt":" Canada News- A new report is raising concerns about Canada’s ability to retain the global talent it needs to","magazineBlocksPostCategories":["World News"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":3,"magazine_blocks_featured_image_url":{"full":false,"medium":false,"thumbnail":false},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/mediapbn.com\/?author=3"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/18e12f979c7dbcc2096868fc531de295a11443c392b4bb6e60ce343131707eaa?s=96&d=mm&r=g","magazine_blocks_category":"World News<\/a>","videoUrl":"","yoast_head":"\n\n
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