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VisitCanada to Cut Permanent Resident Intake to 395,000 in 2025, Reducing Immigration by 90,000
Oct 23, 2024, 10:01 PM
The Canadian government, led by Prime Minister Justin Trudeau, is reportedly planning to reduce immigration levels significantly in response to growing public discontent and concerns over labour supply. According to government sources, the number of new permanent residents will be cut from 485,000 in 2024 to 395,000 in 2025, a reduction of 90,000. This follows record levels of immigration in recent years, with 493,000 new permanent residents in 2021 and 469,000 in 2022. The number of temporary residents, including international students, temporary foreign workers, and refugees, will also be reduced, with about 300,000 allowed in 2025. Temporary residents currently account for 6.2% of Canada's population. The announcement is expected to be made on Thursday by Immigration Minister Marc Miller, outlining the plan for permanent resident intake over the next three years. This marks the first time in a decade that Canada is reducing immigration inflows, signaling a significant shift in policy for a country that has traditionally embraced high levels of immigration.
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Markets
Yes • 50%
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Official statistics released by the Canadian government
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Official announcement from the Canadian government or Immigration Minister Marc Miller
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Public opinion polls conducted by reputable polling agencies
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Official announcement from the Canadian government or Immigration Minister Marc Miller
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Statistics Canada or official government reports
Economic considerations • 25%
Labour supply concerns • 25%
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Official statements or press releases from the Canadian government