High levels of immigration are helping blunt the economic impact of Canada's aging population even though it's worsened challenges with housing affordability, a report by RBC says.
The federal government capped the intake of international students for 2024, reducing the numbers by 35 per cent from 2023 levels. It also announced that open work permits will only be available to the spouses of international students enrolled in master's and doctoral programs. The changes were prompted by strains on the economy including in the housing market.
Instead, Freestone said an easier way to tackle this issue is by bringing in working-age immigrants, even if it's at a slower pace. The issue of housing affordability is a supply-side problem that has been decades in the making, Freestone said. "It's not three years of bringing in a lot of immigrants that's spurred the problem."
'Democracy requires constant vigilance' Trudeau testifies at inquiry into foreign election interference in Canada Boeing is due to tell federal regulators Thursday how it plans to fix the safety and quality problems that have plagued its aircraft-manufacturing work in recent years.The trustee appointed to manage the bankruptcies of a Victoria mortgage company and its owner has concluded that they committed "numerous offences" and operated as a "massive Ponzi scheme."A Winnipeg business is making sure thieves don’t walk off with their cash again by not having any on-site.
A Canadian navy sailor who brutally raped a woman on a British Columbia military base has been sentenced to three years and eight months in federal prison.Men in black balaclavas caught running from Richmond mall, thousands in alleged stole items recovered A teenage girl is facing charges after police say a teenage girl was assaulted in a parking lot while a group of youths recorded the attack.After three hours of deliberation, the jury at a coroner's inquest in Regina came to the conclusion Haven Dubois died by drowning, and that the manner of his death is "undetermined."Pre-season has officially wrapped for the Saskatchewan Roughriders with the team recording dual wins against Winnipeg and Edmonton.