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Newfoundland & Labrador

The province makes up Canada's most eastern territory. It's where the sun rises earliest in the continent. Newfoundland and Labrador is home to historical landmarks from the earliest European settlers. It's a place to learn more on Canada's modern origins, and how it was built from the beginning. When visiting, make sure not to skip the province's industrial museums and historical sites. The most populous city there is St. John's, which is also its capital. It's a common tourist site for lovers of marine life, where you can observe whales, seagulls, icebergs, and old rock formations at its coastline. Visitors may partake in outdoor enjoyments, such as skiing in winter, or kayaking and climbing late summer, autumn, and spring.

Fishing, forestry, oil production, and mining are Newfoundland and Labrador's main industries. Its natural resource-based economy allows manufacturing to thrive there, especially for products that require raw materials including minerals, canned food, pulp, and paper. Manufacturing also considerably contributes to Newfoundland and Labrador's income, with the US being its largest client. The province is transitioning towards the technology sector, demanding products to support marine, local mining and the manufacturing sector. Plus, as a result of low soil quality and the province's bad climate, agriculture isn't a primary industry there, with most agricultural earnings coming from cattle and dairy production.

The province's migrant programs demand workers of all skill levels, including those who are unskilled, or foreign students. Local firms can completely support their employees as they apply for permanent residence there. Newfoundland and Labrador's programs impose minimal language competence requirements and fixed-time employment offers. Foreign students who studied in different provinces may find Newfoundland and Labrador to be a promising choice. Also, a large number of semi-skilled and skilled employees, and foreign students who studied there seek the pilot immigrant program, which is run in collaboration with different provinces and Canada's federal government. As a result, Newfoundland and Labrador’s investment scheme is made to fit graduate students and entrepreneurs wanting to contribute to Canada’s economy.

Facts

Geographic & Economic Profile of Newfoundland and Labrador

St. John's

St. John's

Capital
St. John's

St. John's

Largest city
English

English

Main language
540,418

540,418

Population
Q4-2023
405,212

405,212

Total Area (km²)
10th
373,872

373,872

Land Area (km²)
10th
31,340

31,340

Freshwater Area (km²)
7th
15%

15%

Sale tax
$15.00

$15.00

Minimum Hourly Wage
1/2024
$25.00

$25.00

Median Hourly Wage
2023
10.20%

10.20%

Unemployment rate
1/2024
54%

54%

Tertiary education
2021
$1,251

$1,251

Annual premium car insurance
2023
$716

$716

Monthly childcare
9/2020
$1,366

$1,366

2 bedroom apt rent
8/2022
$289,800

$289,800

Average House Price
2023

Weather Averages

No Data Found

Education Institutions

school
Memorial University of Newfoundland
College of the North Atlantic
Academy Canada
Keyin College
Centre for Nursing Studies

Major Economic Sectors

Service-producing industries
Goods-producing industries
Industrial production
Mining, quarrying, and oil and gas extraction
Energy sector
Oil and gas extraction
Public sector
Real estate and rental and leasing
Metal ore mining
Health care and social assistance
Public administration
Owner-occupied dwellings
Iron ore mining
city

Top immigration occupations

Q3-2023
Immigration 1
  • 6711 - Food counter attendants, kitchen helpers and related support occupations
  • 6311 - Food service supervisors
  • 6322 - Cooks
  • 3413 - Nurse aides, orderlies and patient service associates
  • 2174 - Computer programmers and interactive media developers
  • 6611 - Cashiers
  • 4412 - Home support workers, housekeepers and related occupations
  • 2173 - Software engineers and designers
  • 0631 - Restaurant and food service managers

NL Priority skills Draws

DateTotalLimitations
Oct 1, 2021260205 Software Developers
9 Cloud Specialists
11 Web Developers
8 Python Developers
7 AI Developers
5 Bioinformaticians
5 UI/UX Developers
5 Net Developers
3 Data Analysts
2 Security Specialists
Sep 1, 20212210 Software Developers
4 Python Developers
4 Cloud Specialists
2 AI Developers
2 Web Developers
Jun 1, 2021381224 Licensed Practical Nurses
82 Personal Care Attendants
57 Nurse Practitioners
10 Clinical Psychologists
5 Medical Physicists
3 Radiation Therapists

References
https://doi.org/10.25318/1410028701-eng
https://doi.org/10.25318/3710013001-eng
http://www.ibc.ca/ns/resources/industry-resources/insurance-fact-book
https://www.retailcouncil.org/resources/quick-facts/sales-tax-rates-by-province
https://arrivein.com/daily-life-in-canada/child-care-in-canada-types-cost-and-tips-for-newcomers
https://www.crea.ca/housing-market-stats/canadian-housing-market-stats/national-price-map
https://wowa.ca/cost-of-living-canada
https://www.newfoundlandlabrador.com/about-this-place/
https://investorrelations.gov.nl.ca/economic.aspx
http://newfoundland.hilwin.nl/PHP/en/economy.php

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