This thought leadership piece assesses the impact on Canada’s economy of the federal government’s plan to abruptly reduce the number of non-permanent residents.
How will the reduced labour supply affect job markets and the unemployment rate? What will the proposed reduction in net immigration mean for consumer spending and business investment? To what extent could it alleviate the housing shortage?
Read the thought leadership piece to get our full analysis.
Key findings
Background to the abrupt reduction
Scenario assumptions
Reduced immigration results in an atypical economic slowdown
Too quick a reversal
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