Economics
Canada to Cut Temporary Residents by 20% Over Three Years
- Temporary resident population will be dropped by about 500,000
- The cap is a response to housing, cost of living frustration
Marc Miller, Canada's immigration minister.
Photographer: David Kawai/BloombergThis article is for subscribers only.
Canada, a country that’s relying heavily on immigration as an economic driver, is scaling back on its ambitions with a planned reduction in temporary residents after the influx exacerbated housing shortages.
The country will set a target for temporary resident arrivals for the first time later this year, with the goal of reducing the number by about 20% over the next three years, Immigration Minister Marc Miller said at a briefing on Thursday in Ottawa, alongside Employment Minister Randy Boissonnault.