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CanPR Technology Ltd. to Commence Trading Today on TSX Venture Under the Ticker WPR
The Company's CanPR app is an innovative technology platform that assists immigrants in their jou...
About this update from Canpr Technology Inc.
[{"type":"text","content":"CanPR Technology Ltd. to Commence Trading Today on TSX Venture Under the Ticker WPRThe Company's CanPR app is an innovative technology platform that assists immigrants in their journey toward permanent residency in Canada CanPR offers an end-to-end suite of pre and post-landing services, while the Company's SmartCV™ technology uses artificial intelligence and machine learning to match new immigrants with potential employers The app has been downloaded 1M+ times, with 150k MAU and thousands of five star reviews across Google Play and Apple App storesToronto, Ontario--(Newsfile Corp. - June 27, 2024) - CanPR Technology Ltd. (TSXV: WPR) (\"CanPR\" or the \"Company\"), a leading technology-enabled immigration platform in Canada, is pleased to announce it will begin trading on the TSX Venture Exchange (\"TSXV\") today under the ticker WPR. This follows the closing (\"Closing\") of its previously announced transaction resulting in the reverse takeover (the \"Transaction\") of General Assembly Holdings Limited. \"There is a huge opportunity for CanPR to help solve the significant labour market inefficiencies borne from the combination of aging populations and declining birth rates,\" said CanPR Technology Ltd.'s Co-Founder and CEO Akshat Soni. \"We provide the only technology solution that combines pre and post-landing services in one platform. Immigrants who want to relocate to Canada can complete permanent residency applications faster, identify and apply for jobs that match their education and experience through our recruitment tools, and obtain insurance coverage, banking and other services to help them settle in Canada - all through the CanPR app.\" Large and Growing Market:Immigration levels in Canada have been rising dramatically. More than one million new Canadians arrived in 2022 alone1. The government of Canada is also maintaining its target of 485,000 permanent residents for 2024, with another 500,000 in 2025. Starting in 2026, the government will stabilize permanent resident levels at 500,0002.There is additional labour pressure created by job 'mismatching'. From 2018 to 2023 only six per cent of study permits went to foreign students for health sciences, medicine or biological and biomedical sciences programs, while trades and vocational training programs accounted for 1.25 per cent despite acute shortages in these ...