Saturday, July 12, 2025

Latest

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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Canada Increases Cash Requirements for International Students

Canada is making significant changes to the financial requirements for international students starting January 1,...

Monday, December 11, 2023, 10:07:00 AM

Kenney Blasts Trudeau’s Expansion of Temporary Foreign Worker Program

Former Alberta Premier Jason Kenney has launched a scathing critique of the federal government’s immigration...

Wednesday, August 28, 2024, 04:20:00 PM

Liberal Backbenchers Reportedly Push Secret Ballot Reform, Testing Carney’s Grip

An alleged brewing rebellion within Liberal ranks is poised to test Prime Minister Mark Carney’s...

Thursday, May 22, 2025, 03:43:00 PM

Under Pressure, Trudeau Retreats from Open-Door Immigration

Prime Minister Justin Trudeau announced a dramatic reversal of Canada’s immigration policy on Thursday, marking...

Friday, October 25, 2024, 08:00:45 AM

Poilievre Vows to Scrap Industrial Carbon Pricing Amid Falling Poll Numbers

Conservative Party Leader Pierre Poilievre pledged to eliminate Canada’s industrial carbon pricing system if elected,...

Tuesday, March 18, 2025, 02:03:00 PM