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      • Once they reach the labour market, postsecondary graduates have higher employment levels, and higher average and median incomes. This has remained true even with an increasing proportion of young people completing a postsecondary education. Higher levels of education are associated with higher median cumulative earnings.
      www150.statcan.gc.ca/n1/pub/42-28-0001/2021001/article/00003-eng.htm
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  2. Jul 28, 2023 · This fact sheet provides metrics on how young Canadians move from largely compulsory secondary education, into and through their postsecondary experiences and finally onto the labour market. It brings together the latest indicators that can provide insight into these pathways.

  3. Apr 16, 2024 · Canada's strong economic fundamentals have helped the economy weather the impacts of higher interest rates. These strong fundamentals include solid labour markets driving ongoing gains in workers' income, as well as solid household and business balance sheets.

    • what role does education play in canada's economy now1
    • what role does education play in canada's economy now2
    • what role does education play in canada's economy now3
    • what role does education play in canada's economy now4
    • what role does education play in canada's economy now5
    • Highlights
    • Introduction
    • Educational Attainment
    • Literacy and Numeracy
    • Conclusion
    Young Canadians are highly educated and compare favourably to their counterparts in other Organisation for Economic Co-operation and Development (OECD) countries in terms of educational attainment,...
    Young women are achieving a university credential in higher proportions than young men. Young South Asian and Chinese adults also have the highest proportions of bachelor’s degree or higher attainm...
    At least half of postsecondary graduates reported that they took on debt to finance their studies. Student debt levels have remained fairly constant over the past 15 years or so, with the exception...
    Once they reach the labour market, postsecondary graduates have higher employment levels, and higher average and median incomes. This has remained true even with an increasing proportion of young p...

    Younger Canadians are more likely than previous generations to have completed a postsecondary education. In 2019, 73% of young Canadians aged 25 to 34 had attained a postsecondary qualification, rising from 59% in 2000. These levels are rising faster in certain groups than in others. For example, this chapter will show that some population groups a...

    Younger adults have higher educational attainment than older adults, but these patterns differ by sex

    Almost three quarters or 73% of young Canadians aged 25 to 34 have a postsecondary qualification. Younger Canadians are more likely than older Canadians to have a postsecondary education, and this is mostly due to differences in degree attainment (Chart 1). A higher proportion of younger Canadians aged 25 to 34 have attained a bachelor’s, master’s or doctoral degree compared to older Canadians aged 55 to 64 (39% versus 24%). Meanwhile, the proportion of younger Canadians who have attained a c...

    A higher proportion of young Canadians have a college diploma or university degree than the OECD average, mainly due to college diplomas

    Overall, young Canadians have a higher level of education than other youth across OECD countries. The proportion of young Canadian adults who have no high school diploma is lower (6%) than the OECD average (15%), and the proportion of younger Canadians who have attained a college or university education is higher than the comparable OECD average (Chart 3). Specifically, 63% of young Canadians have obtained either of these credentials versus 45%Note of young individuals across OECDcountries. T...

    Highest level of education varies by population group, with youth not in a group designated as a visible minority and Black youth least likely to have a postsecondary educational qualification

    As source countries for immigrants have shifted, with more immigration from Asia, Africa and Latin America than from Europe over the last few decades, the composition of the Canadian population has become more diverse. Previous studies have found that in general, the children of immigrants out-perform both their parents and non-immigrants in terms of educational attainment.Note However, there is variation within children of immigrants by population group. For example, Black youth were less li...

    Canadian 15-year-olds among the highest performers in the world in reading and math

    A higher proportion of young Canadians have attained a postsecondary qualification than the OECD average. But how do secondary students compare with their OECD counterparts in terms of literacy and numeracy skills? The Programme for International Student Assessment (PISA) is an international survey administered every three years to 15-year-olds around the world that directly measures student performance in reading, math and science.Note In 2018, PISA results showed that Canadian students fare...

    Among all age groups, young adults aged 25 to 34 have the highest levels of literacy and numeracy

    The Programme for the International Assessment of Adult Competencies (PIAAC) is another study that measures literacy and numeracy skills, in this case among adults between the ages of 16 and 65. Results from PIAAC show that among all of the age groups, young Canadians aged 25 to 34 have the highest average scores in both literacy and numeracy (Chart 8a and Chart 8b, respectively)—slightly ahead of the 35 to 44 age group.Note The 25 to 34 age group that has the highest proportion that reaches...

    Young Canadian men aged 16 to 30 compare favourably to other countries in numeracy, and both young men and young women compare favourably in literacy

    Table 1 summarizes how young Canadians aged 16 to 30 compare with their counterparts in other countries that participated in the PIAAC in terms of average scores.Note Start of text box End of text box

    The proportion of young Canadians aged 25 to 34 who have a postsecondary qualification is at an all-time high of 73%. In addition, this age group has the highest average literacy and numeracy scores, compared with all other age groups. Young Canadians are highly educated and compare favourably to their counterparts in other OECDcountries in terms o...

  4. Jan 19, 2024 · The SCC creates spaces to meet students’ need to know and understand how their contributions are going to leave an impact. Our education systems need to more explicitly link their curricula to opportunities for their students to contribute to experiential opportunities for the betterment of society.

  5. Dec 18, 2021 · Here in Canada, those who come to study at a domestic institution play a critical role in driving Canada’s innovation economy forward. Recent findings show that one in every four small-to-medium-sized Canadian businesses are owned or run by immigrants and almost half of these companies have implemented at least one type of innovation in the ...

  6. Ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all are essential for Canada's economic and social prosperity, and for the well-being of all Canadians.

  7. Dec 15, 2021 · “The pandemic showed Canadians how central publicly funded public education is to millions of families, their communities, and the economy. This Economic Fiscal Update opens the conversation to the need of an ongoing federal role in public education,” said Hammond.

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