The Canada Government has once again invited 3,350 Express Entry Candidates to apply for Canadian Permanent Residency (PR) in the latest draw held on Wednesday, May 29. This is contained in Canada’s recently released Immigration Newsletter released for May.
The latest draw brings the total number of Invitations to Apply (ITAs) issued so far in 2019 to 35,100. 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.
Further details provided in the newsletter also shows that the minimum Comprehensive Ranking System (CRS) score was 470. The draw held on Wednesday was the first all-programs Express Entry invitation round since May 1st. It also marked a return to a larger number of invitations.
Minimum Score for May: The tie-break used by Immigration, Refugees and Citizenship Canada (IRCC) was 470. This means that all candidates with a CRS score above 470, as well as those with scores of 470 who entered their profile in the Express Entry pool before this date and time, received ITAs.
The previous Express Entry draw held on May 15 was limited to candidates in the Federal Skilled Trades Class and only saw 500 ITAs issued. All-programmes draws involve candidates from the three economic-class immigration categories managed by the Express Entry system which include the Federal Skilled Worker Class, Federal Skilled Trades Class, and Canadian Experience Class.
More Immigrants are welcome: By 2021, the Canadian Government plans to welcome 350,000 new permanent residents. In 2018, the total admission targets for all immigration categories was 310,000. By 2019, the total admission target had been increased to 330,800.
According to Canada’s Multi-Year Immigration Plan covering 2018 to 2021, the total admission targets for all immigration categories have been set to 350,000.
Eligible Candidates: Eligible candidates for these categories are entered into the Express Entry pool and assigned a ranking score based on factors such as age, education, work experience, and proficiency in English or French.
The highest-ranked candidates are invited to apply for Canadian permanent residency through regular draws from the pool.
Intermediate skilled workers in demand: Canada’s maritime province, Nova Scotia, has unveiled a new three-year pilot stream for immigration candidates with an eligible job offer in one of its targeted intermediate-skilled occupations.
The Occupation in Demand Stream is currently open to eligible candidates with a full-time permanent job offer from a Nova Scotia employer in two specific occupations categorized as Skill Level C under Canada’s National Occupational Classification (NOC).
NOC 3413 — Nurses aides, orderlies and patient service associates
NOC 7511 — Transport truck drivers
Candidates must also meet the following requirements in order to be eligible:
- have one year of work experience related to the job;
- be 21 to 55 years old;
- have a high school diploma;
- have the appropriate training, skills and/or accreditation for the job;
- prove language ability equal to the Canadian Language Benchmark (CLB) Level 4 through official language test results;
- show enough financial resources to successfully settle in Nova Scotia.
Why this matters: Many Nigerians are always on the look out for immigration opportunities, especially to countries such as Canada. For such people, news like this serve as a source of encouragement, whilst also informing them of the right way to go about their immigration processes.
In view of the serious economic hardship in countries such as Nigeria, many people will continue to look for greener pastures elsewhere until the Government takes the right steps towards remedying the problem.
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.
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