Comment on Justin Trudeau, a champion of immigration, says he overdid it and strained Canada's economy

Justin Trudeau, a champion of immigration, says he overdid it and strained Canada's economy

Prime Minister Justin Trudeau has been criticized for his lenient approach to immigration.Arindam Shivaani/NurPhoto via Getty ImagesCanada will reduce its target number of new permanent residents in 2025 from 500,000 to 395,000.Justin Trudeau said the new target will pause population growth in Canada over the next few years.Canada is facing a housing crisis, high living costs, and rising debt.Canada has announced cuts in the number of immigrants it allows into the country after Prime Minister Justin Trudeau said he "didn't get the balance right."At a news conference in Ottawa, Trudeau took the unusual step of acknowledging his policies had placed a strain on the economy.He said Canada needed to "pause population growth and let our economy catch up," adding that while immigration was "essential" for Canada's future, it must be controlled and sustainable.Under the new plan, the target number of permanent residents arriving in Canada in 2025 will be reduced by 21%, from 500,000 to 395,000.The long-term goal is to reduce that number to 365,000 new permanent residents by 2027.Slowing down population growthCanada's immigration policy is often offered up as a model for other countries, with foreign-born people making up nearly a quarter of its population, according to data from the Council on Foreign Relations."Immigrants have helped the country counter aging demographics and fuel economic growth, though some Canadians have expressed concern about the increasing strain on housing and social services," the CFR report said.Canada's population hit 41 million in April, with immigration accounting for almost 98% of population growth last year.Since 2019, annual targets for new permanent-resident admissions increased by nearly 41%, a Canadian government report said.While its population has been growing, Canada has been grappling with a housing crisis, increased costs of living, and rising debt.Canada's unemployment rate was 6.5% in September.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News