The Economic Impact of International Education in Canada
There is a growing demand for skilled talent in many career fields across Canada.
Educational institutions play a vital role in the labour supply market and economy.
SELC College is made up of two sectors with a language college and a career college.
The career college aims to build and guide international and domestic students into the workforce. SELC focuses on providing practical skills, knowledge and training that are then utilized in co-op-based situations.
This gives employers the opportunity to evaluate them as future employees. This type of education contributes to the workforce not only in British Columbia, but across Canada.
More and more international students are looking at Canada as a top education destination.
International students contributed about $22 billion to the Canadian economy in 2018. Each student that comes into the country is spending about $32,000 on average towards tuition and living expenses.
Patrick Dang, president of SELC College, says there are many fields that are in demand for these graduates.
Canada is seeing an aging population retire out of the workforce. 73.4% of the current workforce will be retiring in the next five to seven years.
Simultaneously there will be 26.6% of new jobs being created.
This means there are a variety of employment sectors that are crying out for employees and skilled labour.
Some of the in demand jobs and fields include Registered Nurses, Early Childhood Educators, Hospitality Services, Advertising and Marketing and Business Administration.
Dang says the availability of private education is very important because it creates an opportunity for graduates of these schools to contribute directly to the economy.
Check out the full video from CTV Morning Live to learn more.
CTVNews.ca Top Stories
Pedestrian, baby injured after stroller struck and dragged by vehicle in Squamish, B.C.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Pro-Palestinian protests roiling U.S. colleges escalate with arrests, new encampments and closures
The student protests of Israel's war with Hamas that have been creating friction at U.S. universities escalated Tuesday as new encampments sprouted and some colleges encouraged students to stay home and learn online, after dozens of arrests across the country.
Tabloid publisher says he pledged to be Trump campaign's 'eyes and ears' during 2016 race
A veteran tabloid publisher testified Tuesday that he pledged to be Donald Trump 's 'eyes and ears' during his 2016 presidential campaign, recounting how he promised the then-candidate that he would help suppress stories that had the potential to harm the Republican's election bid.