Tuesday, October 7, 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

RBC Report Says Immigration Surge Is Disguising Recession

If it feels like a recession but the numbers say it’s not, it’s likely because...

Monday, July 22, 2024, 02:19:00 PM

Government Eyes Changes to Foreign Worker Program as Unemployment Soars

The Canadian government is under increasing pressure to address the surging number of Temporary Foreign...

Monday, August 26, 2024, 04:19:48 PM

The Era of “Outsiders”: Carney Wins Liberal Leadership Race

Former central banker Mark Carney has emerged as the new leader of Canada’s Liberal Party...

Monday, March 10, 2025, 10:17:00 AM

Carney Launches Agency Dedicated To Military Spending

Prime Minister Mark Carney launched the Defence Investment Agency to centralize and accelerate Canada’s military...

Thursday, October 2, 2025, 10:18:33 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