This article offers an analysis of the first four years of functioning of Express Entry, a new on-line application management system to select skilled entrants for Canada's key economic immigration programs leading to permanent residence. Based on interviews with 20 experts on Canadian immigration policies, we identified a number of strengths and weaknesses of the Canadian Express Entry system related to four areas: immigration policy making, processing of applications, selection of immigrants, and retention of immigrants. Since these areas are integral parts of immigration policies in all countries and Canada is a long-term leader in the design of points-based systems for selection of skilled immigrants, we also specify several lessons from the Canadian experience with the Express Entry system for other countries seeking to attract skilled immigrants.