Canada’s postsecondary students would greatly benefit from more opportunities to study abroad GlobeBusiness
Frank McKenna is deputy chair of Toronto-Dominion Bank, former ambassador to the United States and former premier of New Brunswick.
International students are a major economic driver; in 2016 alone, they injected more than $15.5-billion into Canada’s economy. Graduates who stay continue to contribute to our economy, starting businesses and becoming major assets to Canadian companies with their global perspective and ties to international markets. Those who return home act as ambassadors for Canada, deepening our ties with those countries and encouraging more students to come here.Unfortunately, the reverse is not true.
The government of Canada has declared its commitment to diversifying trade, increasing the number of sectors that do business internationally and expanding our markets abroad. We need to bring the same diversification mindset to postsecondary education, especially since half of all Canadian jobs are expected to undergo major skills shift in the next decade as technologies such as artificial intelligence and automation take root.
I’m not alone in thinking Canada needs a more internationally savvy population to succeed. More than 80 per cent of Canadian hiring managers say graduates with cross-cultural understanding and knowledge of the global marketplace are serious competitive assets to their companies. Employers want workers who excel at problem solving, communication and teamwork, and who are resilient and able to meet shifting demands.
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