Prime Minister Justin Trudeau stated, "we need to pause population growth and let our economy catch up," acknowledging that immigration policies had strained the economy.
Under the new immigration plan, Canada will decrease the 2025 target for new permanent residents from 500,000 to 395,000, reflecting concerns over housing and living costs.
Experts note that while immigration has fueled economic growth, many Canadians are worried about the resulting strain on housing and social services in recent years.
Canada's significant population growth has largely been driven by immigration, as nearly 98% of the growth last year stemmed from new immigrants.
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