Ottawa hitting the brakes on population growth by drastically cutting incoming immigration has eased the pressure on social and economic infrastructure, according to a newly released report from TD Economics.

Last year, notes TD, government policymakers acknowledged that the influx of immigration was too high relative the ability of Canada’s social and economic infrastructure to cope. Unemployment rose more than a full percentage point between 2022-2024, while businesses struggled to keep up with a rapidly expanding supply of workers. Meanwhile, housing affordability was being stretched to its limits.

“In response, the government introduced an immigration plan to right-size non-permanent residents (NPRs) and permanent resident (PR) targets to allow for some ‘catch up’ in the needed i

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