Canada's economy won't take a hit from immigration curb, says minister

Quick Summary:

The new immigration targets would bring annual arrivals down to levels seen before the pandemic, which at the time was ambitious, according to Miller.“The correction that we are doing today is one that is important and significant, not cosmetic.

Miller’s estimate is for the population to contract by 0.2 per cent in each of the next two years — likely necessitating revisions to the central bank’s outlook.

In Trudeau’s words, it was time to “pause our population growth and let our economy catch up.

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Article Details

Category: BusinessFinance

Markets: IndiaCanada

Topics: Economy Justin Trudeau GDP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 11:12:38 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 738 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23235103

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