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Canadian migrants moving money (say that five times fast!)

Dilip Ratha's picture

According to this article in Globe and Mail, new data from the Canadian government shows that four in 10 Canadians are sending money to family and friends abroad.  Also interesting to note:

"In Canada, where one in five people are born outside the country, about $5-billion is sent in remittances a year, according to Western Union, one of the world's largest money transfer firms."

Migrant remittances

Dilip Ratha's picture

Migrant remittances provide a lifeline to the poor in many countries. Migration and remittances will continue to increase with globalization. The policy agenda on remittances and that on migration overlap a great deal, but the overlap is not complete. Remittances provide the most tangible and least controversial link between migration and development. They can play an effective role in reducing poverty, and they provide a convenient angle for approaching the complex migration agenda.

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