A report by the Conference Board of Canada warns that sharply reduced immigration targets will slow economic growth without causing a recession. The policy is expected to reduce real GDP by $7.9 billion in 2025 and $16.2 billion in 2026.
In October, the federal government announced plans to reduce non-permanent residents by over 900,000 within two years, citing pressures on housing, infrastructure, and public services.
Experts argue the cuts may be too drastic, risking labor shortages and economic strain during a fragile recovery, and recommend a steadier approach for stability.
