Crazy Canada immigrates itself into dystopia

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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:

Canada immigration

Now Canada has announced that it will lift its permanent migrant intake to 500,000 people a year by 2025:

Ottawa will use new power to hand-pick new immigrants to meet Canada’s skill shortages, raise intake of sponsorship of parents and grandparents and begin issuing temporary visas for spouses while their permanent residence applications are in process…

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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.