{"id":1086,"date":"2021-04-15T17:05:38","date_gmt":"2021-04-15T17:05:38","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2021\/04\/15\/canadian-immigration-showing-signs-of-rebound\/"},"modified":"2021-04-15T17:05:38","modified_gmt":"2021-04-15T17:05:38","slug":"canadian-immigration-showing-signs-of-rebound","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/canadian-immigration-showing-signs-of-rebound\/","title":{"rendered":"Canadian immigration showing signs of rebound"},"content":{"rendered":"

The pace of immigration picked up significantly in the first two months of 2021, suggesting Canada is on track to exceed RBC Economics’ February forecast<\/a> for 275,000 new permanent residents this year. Canada admitted around 48,000 new permanent residents in January and February, signaling that policy changes put in place in late 2020 to boost pandemic-era immigration are gaining traction. The federal government’s announcement this week that it will invite 90,000 temporary foreign workers and international students already in Canada to apply for permanent residency only adds to our confidence that Canada will exceed our February forecast. However, the jury is still out over whether the recent measures will enable Canada to meet its ambitious target of 401,000 new permanent residents this year.<\/p>\n

Immigration is rebounding to pre-pandemic levels.<\/strong> Canada admitted 25,000 new permanent residents in January and another 23,000 in February\u2014nearly matching levels seen in the first two months of 2020. The pace reflects a healthy recovery from the March-December 2020 period, when monthly new permanent residents averaged 13,000. <\/p>\n

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