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Immigration through Canada's Start-Up Visa program has more than doubled

In November, a 32.5% drop was observed in Start-Up Visa (SUV) entrepreneur immigration, following a rebound in October, as per data from Immigration, Refugees and Citizenship Canada (IRCC). The IRCC has set goals to welcome 5,000, 6,000, and 6,000 new residents via the SUV in 2024, 2025, and 2026 respectively. Despite a slowdown in November, the program is expected to achieve record permanent resident admissions by the end of 2023. Until November, the SUV had facilitated the arrival of 1,145 new residents, marking a 104.5% increase from the previous year. Most SUV immigrants choose Ontario and British Columbia as their destinations, with Alberta, Manitoba, and Nova Scotia also seeing some arrivals.

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