Mark Carney says lower immigration levels are affecting economic growth

Prime Minister Mark Carney acknowledged that Canada’s recent economic slowdown is partly linked to the Federal Government’s decision to reduce immigration targets and limit the number of temporary residents. Following two consecutive quarters of economic contraction, Carney noted that slower population growth has affected overall economic output. However, he argued that the changes are part of a broader strategy to ease pressure on housing, infrastructure, and public services while fostering more sustainable long-term growth. The comments mark one of the clearest acknowledgements to date of the connection between immigration levels and Canada’s economic performance.

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