TORONTO, April 14, 2021 /CNW/ - Earlier today, the
Honourable Marco E.L. Mendicino, Minister of Immigration, Refugees
and Citizenship, announced a new pathway to permanent residence,
targeting essential workers and international graduates who are
temporary residents in Canada.
Effective May 6, 2021, over 90,000
current temporary residents considered essential workers –
including customer service representatives at financial
institutions – will be granted permanent residency following an
application process, increasing their economic participation and
integration into the Canadian economy. This initiative complements
the Government of Canada's recent
announcement to support economic recovery through increased
immigration targets.
"Immigration is an important form of economic stimulus and a key
engine of growth for Canada, and
we applaud the Federal Government's efforts to find innovative ways
to fast-track Canada's pandemic
recovery through immigration," said Dan
Rees, Group Head, Canadian Banking for Scotiabank. "While
the pandemic will eventually pass, the need to strengthen
Canada – economically,
demographically, culturally – will persist, and to achieve this, we
need to make sure immigration continues to be the Canadian
advantage."
In January, Dan Rees published an
op-ed calling for all levels of government and businesses to work
together to ensure the seamless integration of new Canadians and to
create conditions to allow them to participate fully in the
economy.
Similarly, in January, Scotiabank launched ScotiaRISE, a new
10-year, $500 million commitment to
promote economic resilience by accelerating newcomer integration,
increasing high school graduation and postsecondary participation,
and removing barriers to career advancement.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of
approximately 90,000 employees and assets of
approximately $1.2 trillion (as at January 31, 2021), Scotiabank trades on the
Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank