Canada Unveils $1.2 Billion Plan to Attract Global Talent

OTTAWA — The Canadian government has announced a sweeping new plan worth $1.2 billion to attract top global researchers, innovators, and skilled professionals. The initiative aims to strengthen Canada’s position as a global hub for science, technology, and advanced research — and comes at a time when the United States is imposing higher visa fees for high-skilled foreign workers.

Competing for the World’s Brightest Minds

Under the new program, the federal government will invest more than a billion dollars over 12 years to recruit top international researchers, scientists, and engineers. The goal is to bring over 1,000 world-class professionals to Canadian universities, laboratories, and private industries.

Officials said the initiative is designed to fill key gaps in innovation, clean energy, healthcare research, and artificial intelligence — sectors that are rapidly expanding across Canada’s economy.

Government representatives told CBS News the move is part of a larger strategy to make Canada a more attractive alternative for professionals deterred by the U.S. visa system, which has recently introduced application fees that can exceed $100,000 for specialized work permits.

Boosting Canada’s Global Competitiveness

Canada’s Minister of Innovation said the program is about keeping the country competitive in the global economy. “We want the best minds to come here, to live here, and to build their futures here,” the minister said. The funding will support research fellowships, training programs, and international partnerships with academic and private institutions.

Economists note that as the United States tightens visa policies, Canada is strategically positioning itself as a destination for skilled talent by offering a more stable, open, and welcoming environment.

A Strategic Move Amid Global Talent Shortage

The timing of the announcement is crucial. With industries across the world struggling to find qualified professionals, especially in technology and engineering, Canada hopes this investment will help attract innovators who can drive long-term economic growth and strengthen national research capacity.

Immigration analysts say the move also reflects Canada’s ongoing strategy to expand its workforce through skilled migration and education pathways.

Conclusion

Canada’s $1.2 billion global talent plan signals the government’s commitment to innovation and economic sustainability. By focusing on attracting the world’s top researchers and specialists, the country is positioning itself as a leader in science, technology, and global collaboration — a move expected to pay long-term dividends for the Canadian economy.