The total number of Invitations to Apply (ITAs) issued so far to Express Entry Candidates who applied for the Canadian Permanent Residency in 2019 has hit 35,100. This is contained in the Canadian Immigration Newsletter which was recently published for May 2019.
According to the newsletter, Canada has issued a total of 35,100 ITAs to Express Entry candidates so far in 2019.
Recall that Nairametrics earlier reported that ITAs candidates rose to 31,250 in April, implying that ITAs issued to Express Entry Candidates increased by 12.3% in just one month.
In recent weeks, Express Entry Candidates received invitations to apply for a provincial nomination through Express Entry-aligned immigration streams in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
Admission targets for 2019: Canada has increased its 2019 admissions target for the three Federal Skilled programs managed by the Express Entry system and is slated to raise them again in 2020 and 2021.
Note that Canada plans to welcome 350,000 new permanent residents by the year 2021. The admissions target for 2019 is 81,400 new permanent residents, which is an increase of 6,500 admissions compared to 2018’s target of 74,900.
How to Improve Your Chances: Express Entry candidates can improve their CRS score in a number of ways, with a nomination through Canada’s Provincial Nominee Program being the most viable in terms of points.
Express Entry Candidates with a provincial nomination for permanent residence receive an additional 600 points toward their CRS score, which effectively guarantees an invitation to apply for Canadian Permanent Residency.
Some Recent Events: The total invitations issued to skilled worker candidates in 2019 hit 4,320 in May 2019. Manitoba invited 196 immigration candidates to apply for a provincial nomination for Canadian permanent residence in an Expression of Interest draw held May 23.
Out of the 196 Letters of Advice to Apply (LAAs) issued, 119 went to candidates in the Skilled Workers in Manitoba Stream, 60 went to Skilled Workers Overseas candidates, and 17 were issued through the International Education Stream to international graduates of Manitoba post-secondary institutions.
Also, Ontario and Alberta issued new 557 invitations to apply for a provincial nomination for Canadian permanent residence to Express Entry candidates draws held May 15 and 22 respectively with Comprehensive Ranking System scores as low as 301.
Applying on your own: Nairametrics has explained how you can apply for Canadian Permanent Residency on your own. We live in a world where we have many more opportunities today than we did yesterday. So many people can move, travel and build a life in a totally different place from where they were born. Some countries, like Canada, have impressive policies that allow skilled people to earn permits to live and work in Canada.
Covid-19: US economy grappling with 10 million job losses, adds 379,000 jobs in February
The Covid-19 pandemic has led to the mandatory lockdown of major businesses and factories in the US.
The World’s biggest economy is grappling with the loss of 10 million jobs due to the Covid-19.
The Covid-19 pandemic led to the mandatory lockdown of major businesses and factories in the country. This meant downsizing for most companies who could not continue paying salaries with no incoming revenue
According to the Nasdaq, the unemployment rate in the United States economy was at its highest in April last year, reaching a record high of 14.7%. The unemployment rate dropped to 6% but that is still a significant number.
According to CNN, the US economy added 379,000 Jobs in February this year. This is a clear sign of the world biggest economy getting back on track. Although the US economy is still missing around 9.5 million jobs since the beginning of Covid-19.
According to Nasdaq, the most affected industries in the Covid 19 economic decline is the Hospitality and Outdoor industry. Hotels and restaurant workers were mostly put out of jobs. They also fall into a category regarded as the long-term unemployment category. This category is used to define those who have been without a job for 27 weeks.
Big government to the rescue
The United States government has rolled out the following packages to cushion the effect of the Covid 19:
- The Joe Biden Administration has postulated a 1.9 trillion Covid Relief Package for Americans. The Bill made it through a house vote and now needs to pass the senate-house too.
- Jobless American workers will be entitled to an extra $400 a week.
- The Joe Biden new relief bill will also contain a $1,400 stimulus check for citizens.
What to know
- The US economy is gradually shifting to the post-Covid-19 era adding 379,000 jobs in February alone. It added a paltry 166,000 jobs in January.
- The United States major economic rival China is already in the post-Covid-19 era, the only major economic country in the post-Covid-19 era.
Jack Dorsey’s Square set to acquire majority stake in Jay Z’s Tidal for $297 million
Jack Dorsey’s company, Square set to acquire Tidal, the streaming music service owned by Jay-Z for a $297 million deal.
Square, the mobile payments company owned by Jack Dorsey, announced on Thursday its plan to acquire a “significant majority” of Tidal, the streaming music service owned by Hip-hop music mogul, Jay-Z.
Square said it expects to pay $297 million, in a combination of cash and stock, for a stake in Tidal. Shawn “Jay-Z” Carter will join Square’s board, subject to the closing of the transaction while Tidal will operate independently within Square.
Existing artist shareholders will still remain stakeholders. Other Tidal artist-owners include Beyoncé, Alicia Keys, Coldplay’s Chris Martin, Kanye West, Madonna, Nicki Minaj, and Rihanna.
In a tweet made by Jay-Z today, he highlighted that “from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers. Artists deserve better tools to assist them in their creative journey.”
He also commented that “Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. This shared vision makes me even more excited to join the Square board.
“This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!”
Jack Dorsey, who is CEO of both Square and Twitter, also commented on this deal “comes down to one simple idea: finding new ways for artists to support their work.”
“New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. I knew Tidal was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.”
Jesse Dorogusker, a Square executive will lead Tidal on an interim basis. He added that Square will offer financial tools to help Tidal’s artists collect revenue and manage their finances. “There are other tools they need to be successful and that we’re going to build for them,”.
What you should know
- Last month, Jack Dorsey and Jay-Z announced a Bitcoin fund focused on developing the cryptocurrency’s adoption in Africa and India.
- In 2017, Sprint bought a 33% stake in Tidal. This week, Jay-Z bought back those shares from T-Mobile (which acquired Sprint).
- Last month, Jay-Z announced that he would sell 50 percent of his champagne company, Armand de Brignac — better known as Ace of Spades — to LVMH Moët Hennessy Louis Vuitton amid a downturn in the entertainment industry caused by the pandemic that has affected some of Jay-Z’s holdings.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- Seplat falls into a loss in FY 2020
- 2020 FY Results: Cornerstone Insurance Plc reports a 61.1% decline in profit
- Ellah Lakes increases operating expenses by 33.36% in HY 2020
- 2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020
- Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.