Canada could miss some targets in reducing immigration: Desjardins – National [Video]

A new report from Desjardins suggests that while the Canadian government’s plan to slow population growth is starting to work, it won’t achieve its target this year.

The report released on Thursday says since immigration targets were revised, there have been signs the influx of new non-permanent residents has slowed and population gains have decreased in key segments, with the newest immigrants seeing the fastest slowdown.

Using data from Statistics Canada’s Labour Force Survey, Desjardins’ economic analyst LJ Valencia and deputy chief economist Randall Bartlett found that while year-over-year population gains remain high, month-over-month growth has slowed “considerably” from its 2024 peak.

But according to the report, the current number of non-permanent residents coming into the country won’t allow Ottawa to meet its target of reducing temporary resident volumes to less than five per cent of the general population.

“Our population projection is mostly unchanged,” the report’s authors write.

“The government still needs to stem the tide of inbound …