Canada and Australia race to the bottom for international students
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Before COVID hit, Australia had by far the highest concentration of international students in the world at around 3 times the concentration as the United Kingdom’s and Canada’s, and six times the United Sates’:
Canada significantly increased its permanent migration intake through the pandemic to provide greater certainty to temporary migrants already onshore and send strong signals to prospective future migrants offshore:
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A significant share of these places are to be filled by international students, where Canada has loosened eligibility requirements to gain permanent residency:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.