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Canadian Government Says It Will Invest $73 Million To Create More Jobs For Students

The Canadian federal and provincial government has been putting its money where its mouth is a lot this week. First, the Ontario government passed a new bill that effectively increased minimum wage the most Canadians have seen in decades. Then, the federal government unveils its first-ever housing strategy that seeks to create and sustain affordable housing for Canadians all over the country. 

And now, the federal government has announced one of its newest investments. The Canadian government will be making it easier for post-secondary students to work in their field of study, thanks to a new team-up with MaRS Discovery District (MaRS), a not-for-profit Toronto organization that is one of the world's largest urban innovation hubs.

This new investment plan, which is worth $73 million, will work to provide post-secondary students with work placement opportunities as a means of developing their studied skills and to help them gain work experience before entering the job market.

Over the next five years, the Government of Canada will be giving out 60,000 student work placements. 

Called the "Student Work-Integrated Learning Program", this new initiative will also set out to create 10,000 paid student work placements over the next four years. It will also actively seek ways to build strong partnerships and relationships between employers and Canadian universities, colleges and polytechnics. 

But this new program isn't the only funding Canadian students will receive when searching for placement opportunities and assistance. Mitacs, a not-for-profit organization, provided $221 million of funding for research internships with a goal of creating 10,000 work placements per year over the next five years. 

Source: Newswire