Filipinos in Canada transferred more money – a whopping $1.2 billion – to friends and family living abroad than any other group in 2017, according to new data from Statistics Canada.
looked at international money transfers from Canada in 2017.Official Development Assistance -eligible countries
According to the researchers, the large amount of money being sent to the Philippines can be explained, at least in part, to cultural differences. In total, the study found that Canadian residents born in ODA-eligible countries remitted $5.2 billion in 2017 with men sending $2.9 million abroad and women sending $2.3 billion that year.
The researchers noted, too, that the average amount Canadian residents sent home depended on their birth region. Although a smaller proportion of remitters born in Eastern Asia sent money home, those who did sent higher amounts than those in Southern Asia, where most people in Canada who transferred money were born.
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