Canada's Immigration Rethink
While this move will dampen demand, all else
equal—think spending in retail, food and telecom services—we need to dispel the
narrative that slower population growth will be bad for the economy. Real GDP
per capita has been stagnant on balance since 2016 while that in the U.S. has
expanded by 16%. And, since 2022Q2, Canada’s per-capita output has fallen
outright in seven of eight quarters. One can argue that the surge in TRs has
diverted resources to housing, and allowed firms to lean on low-cost labour, at
the expense of productivity.
In the job market, slack is building as job creation
can't keep up with labour supply growth.
A tidal wave of immigration is swamping my country. It may not survive
https://www.telegraph.co.uk/news/2024/11/01/canada-peoples-party-immigration-is-the-issue/
Everything that historically made Canada what it was is rapidly being destroyed
With immigration cuts, Ottawa is rethinking its
economic principles
Trudeau Reverses Course on Immigration as Support Plunges