Hit hard by COVID-19, Filipino Canadians grapple with added pressure to send money abroad

Article Link: https://globalnews.ca/news/7268356/filipino-canadians-coronavirus-remittances/

Discussion posted by: Arye ben-Shaoul

When one looks at the increase in unemployment rates amid COVID-19, Filipino Canadians have fared better than other racial minorities in Canada. While the jobless rate among South Asian and Chinese Canadians was up by 9.1 percentage points and 8.4 percentage points respectively in July compared to the same month last year, among Filipino Canadians it climbed a lower 6.2 percentage points… The country has traditionally been among the world’s top recipients of remittances, with Filipinos around the world sending $46 billion in 2019. The Philippines was also the No. 1 destination of remittances from Canada in 2017, with Filipino residents transferring $1.2 billion to relatives and friends abroad that year.