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Canada has announced a plan to reduce the number of immigrants in response to a labor shortage following the pandemic. Prime Minister Justin Trudeau acknowledged that the country had gone too far in its immigration response, leading to public concerns over housing affordability. The government plans to cut the number of new permanent residents to ease pressure on housing and social services, with a significant decrease in immigration levels over the next few years. This policy reversal has sparked mixed reactions, with industry groups concerned about labor shortages while migrant advocates oppose the move. The government hopes that reducing both permanent and temporary residents will alleviate strain on the economy and infrastructure, as well as address housing supply issues. However, some experts and business leaders worry about the potential impact on the labor pool and foreign investment.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
