Western Union

Nearly 2 in 5 migrants living in Canada state that without being able to send money back home their family would be in poverty - Seite 2

Top 10 countries migrants living in Canada are sending money to:

1. India
2. Philippines
3. China
4. France
5. Pakistan
6. Vietnam
7. Germany
8. Italy
9. Lebanon
10. United States

(Source: KNOMAD/World Bank Bilateral Remittance Matrix)

This pressure is having a profound strain on the mental wellbeing of migrants living in Canada. Over two-thirds (37%) state that the responsibility of having to support their family or friends can sometimes be too much to bear and over half (53%) of migrants say that they regularly make sacrifices in their own life to ensure that they are able to continue sending money to their friends or family. Thirty-six percent also reported that they often feel lonely, suggesting many migrants are prioritising work over building their own personal relationships.   

Despite this, nearly three-quarters (74%) of migrants of state that the fact that they are able to send money to their friends or family gives their life a sense of purpose and 46% of migrants say that without having moved to Canada they may not have been able to support their friends or family financially at all.

Bob Rupczynski, Chief Marketing Officer at Western Union says: "This research highlights the crucial role that remittance payments play in supporting families and communities around the world.

The money that migrants send provides an essential lifeline for their families and friends back home and at Western Union we recognise the immense impact that these payments have, providing access to basic needs, healthcare, education, and opportunities for a better life.

We are proud to help facilitate these important connections and to help power people's pursuits all over the world. It's our guiding mission to make finance accessible to all, so that we can all achieve financial prosperity, wherever we are." 

For more information and to read the full report please visit: https://www.westernunion.com/blog/en/ca/value-of-remittance-canada/

Note to editors:

If you choose to run this story, please provide a link back to the Western Union page: https://www.westernunion.com/blog/en/ca/value-of-remittance-canada/

Methodology

Research was conducted by 3Gem on behalf of Western Union in March 2023. The research surveyed 1,500 migrants who regularly send remittance across the following countries: