{"id":2754,"date":"2024-10-25T17:25:56","date_gmt":"2024-10-25T17:25:56","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2024\/10\/25\/how-canadas-new-immigration-targets-will-impact-the-economy\/"},"modified":"2025-10-16T16:05:16","modified_gmt":"2025-10-16T16:05:16","slug":"how-canadas-new-immigration-targets-will-impact-the-economy","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-new-immigration-targets-will-impact-the-economy\/","title":{"rendered":"How Canada\u2019s new immigration targets will impact the economy"},"content":{"rendered":"
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The Canadian government has been under growing pressure to align the inflow of newcomers to the country with current labour market needs and infrastructure capacity\u2014which prompted a massive reversal of the post-pandemic immigration plan set by the federal government. <\/p>\n

Ambitious immigration targets were originally put forward to tackle labour market imbalances and financial stress on government balance sheets from an aging population.<\/p>\n

In the years after the pandemic, policies around work permit eligibility were relaxed to address short-term labour supply shortages. International study permit allocations also expanded as post-secondary institutions turned to international students as a funding source to make up for cuts in government transfers and domestic tuition caps or freezes. This lead to a surge in new non-permanent residents to Canada, which surpassed the one million mark in 2023.<\/p>\n

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