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

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

Silver Is Rarer Than Gold, And the Market’s Waking Up | Shawn Khunkhun – Dolly Varden Silver

Gold Will Hit North of $4,000: Who’s Actually Producing? | Shane Williams – West Red Lake

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

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

Related News

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

Rubio: Canada’s Gazan Refugee Policy Poses U.S. Security Risk, Calls for Action

U.S. Senator Marco Rubio has called for heightened security measures along the U.S.-Canada border in...

Friday, July 26, 2024, 12:14:00 PM

Tax Cuts Take Center Stage in Canadian Election Campaign

Canada’s federal party leaders are competing to offer voters the most attractive tax cuts ahead...

Tuesday, March 25, 2025, 10:04:00 AM

Trudeau Government Faces Backlash Over $50 Billion Pension Fund Deal

Toronto-based investment giant Brookfield Asset Management has initiated discussions to create a $50 billion fund,...

Thursday, September 19, 2024, 11:27:44 AM

Where Will Canada Side on the Iran-Israel War?

When the G7, currently chaired by Canada, wrapped its summit in Banff, the communiqué on...

Sunday, June 22, 2025, 09:00:00 AM