Published on People Move

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

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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."

This data will definitely help fill in some blanks as we update and publish the next Migration and Remittances Factbook.


Authors

Dilip Ratha

Lead Economist and Economic Adviser to the Vice President of Operations, Multilateral Investment Guarantee Agency, World Bank

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