✉news BusinessEconomy first seen 22 h ago, last 6 h ago, peak #7
Bank of Canada says lower immigration is reshaping the economy
Original: Lower immigration reshaping economy: Canada central bank report | World News
A Bank of Canada report says reduced immigration levels are beginning to reshape the Canadian economy. Lower population growth affects labour supply, consumer demand, housing pressure and overall economic output. The report has drawn attention as Canada recently moved to slow its intake of temporary and permanent residents, a policy shift with wide-ranging economic consequences now being assessed by the central bank.
Why now: Canada's recent sharp cuts to immigration targets are a major policy shift, and a central bank assessment of its economic effects is timely and newsworthy.
Evidence
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