Trudeau and Albanese monkeys with machine guns

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As we know, Canada’s progressive government has been running an even more insane population experiment than Australia’s.

Under the stewardship of progressive lunatic Justin Trudeau, mass immigration has gone berserk, running at roughly double Australian rates:

Canada's quarterly population growth

Resulting directly in, you guessed it, a housing crisis. Hoocoodanode?

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Canada rental vacancy rate

The rest writes itself. Canadians are ready to dump Trudeau’s Liberals like a hot potato:

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And so, Trudeau’s great immigration conviction has suddenly buckled:

Canada has said it will cap the number of foreign students admitted to the country for two years in an attempt to address pressure on housing and healthcare in the country.

The cap will result in a decrease of 35% in approved study permits.

Over 800,000 foreign students were in Canada in 2022, up from 214,000 a decade earlier.

The new measures are also meant to ensure the “integrity” of the system, officials said.

Canada’s gain is Australia’s loss because all those would-be migrants will now look Downunder, worsening our housing crisis, as well as evolving weak wage environment.

Open borders progressives are like monkeys playing with machine guns and have no place in a national government.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.