Canada Plans to Reduce Temporary Resident Influx

Canada is taking steps to rein in the surging number of temporary residents entering the country annually. Immigration Minister Marc Miller announced that the government will set its first-ever target to reduce temporary resident arrivals by around 20% over the next three years.  

The temporary resident population currently stands at over 2.5 million individuals, comprising 6.2% of Canada’s total population. The new policy aims to decrease this figure to around 2 million or 5% of the populace. It will allow better control over the number of foreign workers, international students, and asylum claimants arriving each year.

“This will help strengthen alignment between immigration planning, community capacity, labor market needs, and support predictable population growth,” Miller said during a briefing in Ottawa.

While immigration remains a key driver of Canada’s economic policies under Prime Minister Justin Trudeau, the rapid population increase has strained infrastructure, services, and worsened the housing crisis. Rising living costs and criticism of the government’s immigration approach made it necessary, if not urgent, for the government to introduce measures to moderate newcomer inflows.

Earlier moves included cutting 2024 international student permits by 35% compared to 2023 levels. The government also stabilized the annual permanent resident target at a record 500,000 for the first time in a decade.  

Employment Minister Randy Boissonnault announced that starting May 1st, employers in certain sectors like food manufacturing and accommodation services can only hire temporary foreign workers comprising up to 20% of their workforce, down from the previous 30% cap.

“The temporary foreign worker program is a last resort. Employers should not use it to avoid offering competitive wages to Canadians,” Boissonnault warned, urging businesses to invest in domestic workforce development.

The new temporary resident target, slated for announcement later this year, is expected to find a balance between fulfilling labor needs and preserving public confidence in Canada’s immigration system amidst rising concerns.


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Silver Needs to Slow Down to Go Higher | Dan Dickson – Endeavour Silver

Silver Dips Are Getting Bought, This Is How Breakouts Start | John Feneck

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Recommended

Canadian Copper Closes On Sale Of Turgeon Project In New Brunswick For Cash And Shares

Mercado Begins Field Exploration At Copalito In Advance Of Planned Drill Program

Related News

Canada’s Housing Affordability Crisis Intensifies As Q1 2024 Immigration Jumps 47%

Canada is facing a worsening housing affordability crisis as the country experiences an unprecedented surge...

Monday, May 20, 2024, 01:39:00 PM

Canada To Spend $76 Million On Iran Sanctions; Protests Get Police Backing

Canada is officially making a stand on the ongoing revolutionary protests in Iran after the...

Monday, October 10, 2022, 09:00:39 AM

Canada’s Unemployment Rate Falls by 0.1% in October as Labour Recovery Slows

It appears that Canada’s economic recovery efforts continue to be stalled amid the recent surge...

Friday, November 6, 2020, 01:31:00 PM

Canada Reopens Parents and Grandparents Sponsorship Program

Canada will begin sending invitations July 28 to nearly 18,000 people seeking to sponsor their...

Saturday, July 19, 2025, 09:04:00 AM

Canada to Remove Job Offer Points from Express Entry Immigration System

Immigration Minister Marc Miller announced Tuesday that Canada will eliminate additional points awarded to Express...

Thursday, December 19, 2024, 03:06:00 PM