Canadian Prime Minister Justin Trudeau announced a significant reduction in the number of new immigrants allowed into the country, citing a need to strike a better balance post-pandemic. The initial plan to admit 500,000 permanent residents annually faced criticism, leading to revised targets of 395,000 for next year, 380,000 in 2026, and 365,000 in 2027.
Trudeau emphasized the importance of controlled and sustainable immigration for Canada's future, acknowledging past missteps in managing labor needs and population growth. The decision to lower immigration intake aims to address concerns over housing affordability and population growth, which reached 41 million in April from 37.5 million in 2019.
