Immigration to Canada declined for the third consecutive month in August but is still expected to reach a record-breaking number of new permanent residents by the end of the year, according to the latest data from Immigration, Refugees and Citizenship Canada (IRCC).

In August, Canada welcomed 34,925 new permanent residents, a 14.1% decrease from July. From January to August of this year, Canada received 338,905 new permanent residents, putting the country on track to welcome 508,357 by the end of the year.

Canada has set a target of 465,000 new permanent residents for 2023, with 485,000 for 2024 and 500,000 for 2025. This totals 1.45 million immigrants over the next three years.

The latest figures indicate that Canada will likely surpass its immigration targets for this year and the following years.

However, immigration levels in the past three months have decreased, with August seeing the lowest number of new permanent residents at 34,925.

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