On January 22, 2024, Canada's Minister of Immigration, Refugees and Citizenship Canada (IRCC), Marc Miller, announced a two-year cap on international student permit applications to stabilize growth.
For 2024, the cap will result in around 360,000 approved permits, a 35% decrease from 2023. These measures do not apply to master's, doctoral, elementary and secondary education students and current permit holders.
Changes to the Post-Graduation Work Permit Program will start from September 1, 2024, affecting students' curriculum licensing arrangements.
Graduates of master's and other short graduate programs will be eligible for a 3-year work permit. Open work permits will only be available to spouses of master's and doctoral students.
#International_students, #IRCC, #Caps, #study_permits, #Study_in_Canada
https://www.newsbytesapp.com/news/world/canada-caps-foreign-student-admissions-by-35/story
January 23, 2024
Canada cherishes the social, cultural, and economic contributions of international students. To maintain these benefits and ensure student success, the Government of Canada addresses issues challenging the International Student Program's integrity.
This involves managing international student numbers sustainably and penalizing any threats to the system. On October 27, 2023, Minister of Immigration, Refugees and Citizenship Canada (IRCC) Marc Miller introduced measures to strengthen Canada's International Student Program and fight fraud.
From December 1, 2023, post-secondary DLIs must confirm acceptance letters with IRCC for study permit applications.
IRCC will reward DLIs offering superior services, including priority permit processing. Additionally, IRCC will adjust the Post-Graduation Work Permit Program to align with labour and immigration goals.
#International_students, #IRCC, #International_student_program, #study_permits, #Study_in_Canada
January 23, 2024
Labour shortages in Canada are decreasing, with 22% fewer managers struggling to find workers. However, the threat of inflation remains a concern despite a downward trend.
RBC Economics' report reveals labour shortages peaked at 41% in the first quarter of 2021 and have since decreased to 32% by the third quarter of 2023.
The future of inflation is uncertain. RBC economists predict a slight rise in the Consumer Price Index to 3.4% in December due to a drop in gas prices.
They also note an overall easing of inflation pressures, with surging mortgage interest rates contributing to price growth. Canadian retail sales remained flat in November, while manufacturing sales increased by 1.2%. As builders focus on housing, the development industry is growing.
#Labour_shortages, #inflation, #statistics
January 23, 2024
Canada's economic future increasingly relies on population growth, largely from immigration, according to a Desjardins Securities report.
This growth, reaching 3.2%, has benefits such as labour market support but also raises housing costs. A reduction in temporary residents could exacerbate the looming recession.
Randall Bartlett, senior director of Canadian economics at Desjardins, warns against a rapid decrease in newcomer arrivals, as it could lower potential GDP and deepen the recession expected in 2024. However, keeping high newcomer admissions could strain finances and housing affordability.
Policy adjustments could help manage the economic impact, but the balance is challenging. Both scenarios present implications for inflation, interest rates, and the housing crisis.
#TRV, #temporary_residents, #International_students, #foreign_workers
January 18, 2024
