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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Liberal Lead Narrowed To Two Points Ahead Of Crucial Debates

The Liberal Party’s advantage over the Conservatives has shrunk to just two percentage points, according...

Friday, April 18, 2025, 07:22:32 AM

Trump: “I Actually Think The Conservative Hated Me Much More Than The So Called Liberal”

Canadian Prime Minister Mark Carney will visit Washington for talks with President Donald Trump soon,...

Thursday, May 1, 2025, 07:51:40 AM

Canada Launches Sweeping Review to Cut Federal Red Tape

Canada’s government launched a comprehensive review of federal regulations Tuesday, aiming to eliminate outdated rules...

Thursday, July 10, 2025, 11:09:00 AM

‘If Consensus Exists’: What’s the Catch in Carney’s Pipeline Support?

Prime Minister Mark Carney says he supports new pipelines if Canadians agree on them, but...

Friday, May 16, 2025, 11:36:00 AM

Carney Won’t Repeal Pipeline Legislation Despite Tariff Pressures

Canadian Prime Minister Mark Carney rejected calls to repeal controversial legislation that critics say blocks...

Wednesday, April 2, 2025, 12:07:00 PM