Carney to Cut Canada Immigration from Record Peaks But Stay Above Historical Averages

Canada’s Liberal Party is preparing immigration reforms under Prime Minister Mark Carney that would reduce both temporary and permanent residency numbers from record highs while maintaining levels significantly above historical averages.

The reforms, part of Carney’s priorities for his new government, would cut temporary residents to below 5% of Canada’s population by 2027, down from current peaks approaching 8%, but still more than double historical levels of around 2%.

Data from Statistics Canada reveals Carney’s permanent residency targets, while reduced from recent peaks of 450,000-500,000 annually, would maintain levels substantially above historical norms.

Proposed targets of 390,000 (2025), 380,000 (2026), and 365,000 (2027) exceed the roughly 200,000-265,000 annual admissions Canada maintained through most of the 1990s and early 2000s, when the country’s population was smaller.

The temporary resident reduction, while substantial, would still keep levels way above the early 2000s.

According to Carney, these immigration caps “will remain in place until we’ve expanded housing, and we’ve reabsorbed the levels of immigration that have happened in our country (during the pandemic).”


Information for this story was found via 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

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Canada’s Population Is Up 1.27 Million in 12 Months, and People Still Can’t Afford to Buy a House

Recent data reveals that Canada has seen a staggering increase of 2.87 million people over...

Monday, July 8, 2024, 10:05:00 AM

Mark Carney Lied About Firm’s US Move, Conservatives Say, But Liberal Minister Shows Support

Recent developments have thrust former Bank of Canada Governor Mark Carney into an intense spotlight,...

Friday, February 28, 2025, 12:57:00 PM

Mark Carney Expected To Call Snap Election on Sunday

Canadian Prime Minister Mark Carney is set to announce a snap federal election on Sunday,...

Thursday, March 20, 2025, 11:01:00 AM

How 500,000 Undocumented Immigrants Got Lost In Canada’s Immigration System

Recent estimates have revealed that the Canadian government has lost track of approximately 500,000 undocumented...

Saturday, August 10, 2024, 01:06:00 PM

Liberals Are Scrambling to Figure Out How to Remove the Carbon Tax

The federal Liberal government is currently working through the logistics of fulfilling incoming Prime Minister...

Thursday, March 13, 2025, 07:54:24 AM