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
Most of Canada to receive emergency alert test today
The federal government will test its capacity to issue emergency alerts today, with the exception of Ontario, where the test will take place on May 15.
OPINION What King Charles' schedule being too 'full' to accommodate son suggests about relationship with Prince Harry
Prince Harry, the Duke of Sussex, has made headlines with his recent arrival in the U.K., this time to celebrate all things Invictus. But upon the prince landing in the U.K., we have already had confirmation that King Charles III won't have time to see his youngest son during his brief visit.
Ontario man devastated to learn $150,000 line of credit isn't insured after wife dies
An Ontario man found out that a line of credit he thought was insured actually isn't after his wife of 50 years died.
BREAKING Ontario Provincial Police arrest 64 suspects in child sexual exploitation investigation
Ontario Provincial Police say 64 suspects are facing a combined 348 charges in connection with a series of child sexual exploitation investigations that spanned across Ontario.
Boy Scouts of America is rebranding. Here's why they've changed their name
After more than a century, Boy Scouts of America is rebranding as Scouting America, another major shakeup for an organization that once proudly resisted change.
Trial begins for Winnipeg serial killer who claims he was mentally ill
The trial of a man who admits he killed four women in Winnipeg is set to begin Wednesday, and a law professor says lawyers for Jeremy Skibicki have multiple hurdles to clear for a defence of mental illness.
These adults born in the '90s partnered with their parents to buy homes in Ontario
An Ontario woman said it would have been impossible to buy a house without her mother – an anecdote that animates the fact that over 17 per cent of Canadian homeowners born in the ‘90s own their property with their parents, according to a new report.
New Canadian study could be a lifesaver for thousands suffering from CTE
A first-of-its-kind Canadian research study is working towards a major medical breakthrough for a brain disorder, believed to be caused by repeated head injuries, that can only be detected after death.
Rape, terror and death at sea: How a boat carrying Rohingya children, women and men capsized
In March, Indonesian officials and local fishermen rescued 75 people from the overturned hull of a boat off the coast of Indonesia. Until now, little was known about why the boat capsized.