Canada's Economy Won't Take A Hit From Immigration Curb, Minister Says

By Randy Thanthong-Knight

Canada's Economy Won't Take A Hit From Immigration Curb, Minister Says

Prime Minister Justin Trudeau's government is taking its foot off the population pedal that's been a key economic driver. But despite a significant cut to new arrivals, Canada will still see positive growth, according to the immigration minister.

An influx of newcomers helped accelerate Canada's post-pandemic recovery, replenishing an aging workforce and lifting its population growth to among the world's fastest. But the record surge soon worsened housing shortages and pushed up the unemployment rate.

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