Canada Job Trends - Business Intelligence Analyst, 2023-24

Why work in Canada as a Business Intelligence Analyst?

• Canada has over 1.5 million job vacancies and more are being added
• The average annual salary for a Business Intelligence Analyst in Canada is 90,701 CAD.
• Alberta, British Columbia, Manitoba, New Brunswick, Ontario, Prince Edward Island, Quebec, and Saskatchewan have good job opportunities for Business Intelligence Analyst.
• The highest pay for a Business Intelligence Analyst in Canada is 108,269 CAD.
• There are 9 immigration pathways for Business Intelligence Analyst in Canada.

About Canada

Canada is the 2nd largest country in the world, in terms of land area. The huge land mass is divided into 3 territories and 10 provinces. It is bordered by the Pacific Ocean in the west, the Atlantic Ocean in the east, and the Arctic Ocean in the north.

Ottawa is the capital city of Canada, and its 3 largest cities are:

Immigration Levels Plan 2023-2025
Year	No. of new immigrants
2023	82,880
2024	1,09,020
2025	1,14,000

• Vancouver
• Toronto
• Montreal

The economy of Canada is stable and flourishing with a mixed-market economy. It is the 8th largest economy in the world and has recovered well after the pandemic. The primary employment sector in Canada is the service industry.

Despite its large area and strong economy, Canada has a very low population. Its birth rate is low and a significant number of individuals in the workforce are close to retirement age. Due to these reasons, Canada is facing a shortage in the workforce. To address this issue it has been welcoming immigrants from all over the world.

Canada is known to be the most immigrant-friendly country in the world and welcomes a huge number of immigrants, each year.

It has been announcing immigration levels plan to set targets for welcoming foreign nationals. In 2022, Canada welcomed 300,000 permanent residents. The targets for 2023-2025 have been increased. The details of the Immigration Plans 2023-2025 are given in the table below:

Job trends in Canada, 2023

Canada is experiencing a shortage in its workforce. It is witnessing high rates of employment, low rates of unemployment, and a substantial number of job vacancies. It welcomes educated and highly skilled foreign nationals to the country, to fill up the job vacancies.

Job opportunities in almost every sector have increased by 3.8% in September and around 1.5 million job vacancies are in need of individuals in Canada.

Most job opportunities are in Saskatchewan and Ontario.

Detailed information on the number of job vacancies in each sector is given in the table below:

Job Trends in Canada
Sector	Vacant positions
Health care and social assistance	159500 vacant jobs (record high jobs than August)
Accommodation, and food services	152,400 vacant jobs
Retail trade	117,300 vacant positions
Professional scientific and technical services	61,900 job vacancies
Manufacturing	76,000 job vacancies

Read More…

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Business Intelligence Analyst, TEER code - 41401

Business Intelligence Analysts conduct research, examine data, assess information, formulate plans and reports to resolve business and economic issues, generate models to explain, analyze, and predict economic behavior and patterns.

They give advice on matters like finance, monetary policy, fiscal policy, international trade, natural and agricultural resources, and industrial and labor markets.

Business Intelligence Analysts are employed in government agencies and departments, and in the private sectors such as unions, associations, research organizations, investment firms, and banks.

The job duties of Business Intelligence Analysts are:

• Research and formulate models to explain, analyze, and predict economic behavior and patterns, and design methods for collecting and analyzing data
• Predict consumption and production of certain services and products based on records of production and consumption in the past and regular industry-specific and economic conditions
• Prepare predictions of expenditure and income, exchange rates, and interest rates
• Analyze components that determine the growth of the economy and advise governmental agencies on policies to boost economic activities
• Analyze factors that influence employment, labor force participation, income, unemployment, and various labor market outcomes
• Study formulae of mathematics or statistical techniques and implement them to test and quantify economic theories and resolve the economic problems
• Study the attributes of monetary transactions, credit, and the functioning of banks, and other financial organizations to formulate monetary policies, and predict financial activities
• Observe economic data to evaluate the effectiveness, and give advice on the suitability, of fiscal and monetary policies
• Assess problems concerning the economic activities of companies
• Evaluate financial methods, production techniques and costs, and marketing policies to suggest possible improvements
• Assess statistical data on the exchange of services and goods among nations
• Predict consumption and production of renewable resources and availability, consumption, and exhaustion of non-renewable resources
• Research on conditions of the market in regional, local, or national areas to determine sales and pricing levels for services and goods, assess the potential of the market and trends in the future, and formulate business strategies
• Monitor local and regional economic trends
• Examine regulatory processes and offer material to aid legal proceedings with the government and other agencies.

The job titles held by Business Intelligence Analysts are:

• Economic analyst
• Economic policy analyst
• Economic advisor
• Agricultural economist
• Economist
• Financial economist
• Energy economist
• Industrial economist
• Investment economist
• International trade economist
• Natural resources economist
• Labor economist
• Trade economist
• Tax economist

Prevailing wages of Business Intelligence Analyst in Canada

The annual income for a Business Intelligence Analyst in Canada is 90,701 CAD.

The highest annual income for Business Intelligence Analyst is 108,269 CAD, and the lowest annual income is 71,075 CAD.

The income of Business Intelligence Analysts in different provinces and territories of Canada is given in the table below.

Income of Business Intelligence Analyst in Canada
Community/Area	Annual Income (in CAD)
Alberta	94,157
British Columbia	93.888
Manitoba	NA
New Brunswick	79,123
Newfoundland and Labrador	84,557
Northwest Territories	NA
Nova Scotia	79,123
Nunavut	108,269
Ontario	88,608
Prince Edward Island	NA
Quebec	96,998
Saskatchewan	NA
Yukon Territory	83,885

Eligibility criteria for Business Intelligence Analyst

The eligibility criteria for Business Intelligence Analyst in Canada are:

• A post-graduate degree in economics or other related disciplines like business administration or statistics is required.
• A Ph.D. in economics may be necessary.

Business Intelligence Analyst - Number of vacancies in Canada

The job prospects for Business Intelligence Analysts in Canada are given in the table below:

Job Prospects for Business Intelligence Analyst in Canada
Location	Job prospects
Alberta	Moderate
British Columbia	Limited
Manitoba	Good
New Brunswick	Good
Newfoundland and Labrador	Undetermined
Northwest Territories	Undetermined
Nova Scotia	Undetermined
Nunavut	Undetermined
Ontario	Good
Prince Edward Island	Moderate
Quebec	Good
Saskatchewan	Moderate
Yukon Territory	Undetermined

How can a Business Intelligence Analyst migrate to Canada?

There are 2 popular immigration pathways for Data Scientists to migrate to Canada. They are:

1. Express Entry
2. PNP or Provincial Nominee Program

Detailed information on the two pathways is given below.

1. Express Entry

Express Entry is a system processed online. It is used by the Canadian federal government to manage applications of immigrants for permanent residency in Canada. It helps in addressing the workforce shortages in the country under certain programs for economic immigration. It is formulated to facilitate the speedy migration of skilled professionals from abroad to Canada. They help in boosting the economy of the country.

The applicant has to have a valid profile in the Express Entry system to be eligible for the nomination rounds for Canada PR. The candidate has to have the documents listed below to have a valid Express Entry profile. The documents are:

• Legal travel document or valid passport
• Proof of having the required scores in the language tests
• Proof of education in Canada or an Educational Credential Assessment report for immigration if:
• The candidate is applying under the FSWP or Federal Skilled Workers Program
• The candidate hopes to score points for the education they received abroad
• Provincial nomination, if the candidate has received any
• Written employment offer from a Canada-based employer
• Proof of sufficient funds
• Evidence of work experience, or certificate of qualification in an occupation authorized by a Canadian territory or province, if the individual has one.

2. PNP or Provincial Nominee Programs

The PNP or Provincial Nominee Program is a popular way to migrate to Canada as a skilled professional. Most of the provinces and territories have customized program for provincial nominations to include international skilled professionals to aid in strengthening their economies.

Business Intelligence Analysts hoping to immigrate to Canada can apply for the following PNPs.

• Alberta PNP
• British Columbia PNP
• Manitoba PNP
• New Brunswick PNP
• Ontario PNP
• Prince Edward Island PNP
• Quebec PNP
• Saskatchewan PNP

How can Y-Axis help a Business Intelligence Analyst to immigrate to Canada?

For trusted counseling and guidance for immigration to Canada as Business Intelligence Analyst, contact Y-Axis.

The following services are provided by Y-Axis for the best chances for immigration to Canada:

• Check your eligibility to Canada through the free Canada Immigration Points Calculator.
• Avail of career counseling for a career in Canada.
• Score good in tests such as IELTS and PTE with expert guidance in coaching services.
• Get assistance to apply for Canada PR

Do you want to work in Canada? Contact Y-Axis, the leading Work Abroad Consultant.

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