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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

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    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

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    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

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    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

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    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

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    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

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    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Senate confirms Taiwo Oyedele as Minister of State for Finance

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    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

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    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

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    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

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    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

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    Deep Capital Approves Capital Increase, Restructuring Plnn

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    Shell Confirms Ongoing Exit from South Africa

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    Trading begins in Linkage Assurance 12.32bn share rights issue

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

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    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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    Shell Confirms Ongoing Exit from South Africa

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    NGX suspends trading in the shares of four listed companies

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    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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Canada reduces Permanent Residents permits application slots

Friday, 25 October 2024, 4:32 pm
in News, World
0
Canada reduces Permanent Residents permits application slots
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The Canadian government has announced new measures to manage population growth by reducing the number of permanent residents allowed into the country.

On Thursday, Minister of Immigration, Refugees, and Citizenship Marc Miller stated that instead of the previous target of 500,000 permanent residents annually, the intake will be lowered for the next three years. This change will take effect in 2025. The revised plan will welcome 395,000 permanent residents in 2025, 380,000 in 2026, and 365,000 in 2027.

Miller explained that the 2025–2027 Immigration Levels Plan aims to pause short-term population growth in order to achieve sustainable growth in the long term. “The levels plan includes controlled targets for temporary residents, specifically international students and foreign workers, as well as for permanent residents,” he said.

“Today’s announcement is the next step in our plan to address the evolving immigration needs of our country. While it’s clear our economy requires newcomers, we recognize the pressures facing our nation, and we must adapt our policies accordingly. These changes will help immigration work for our country, ensuring everyone has access to quality jobs, housing, and support to thrive. We have listened to Canadians, and we will continue to protect the integrity of our immigration system while growing our population responsibly,” he added.

Additionally, the Levels Plan aims to reduce temporary resident volumes to 5% of Canada’s population by the end of 2026. Specifically, compared to each previous year, Canada’s temporary population is expected to decline by 445,901 in 2025, 445,662 in 2026, and see a modest increase of 17,439 in 2027.

Canada’s population has experienced significant growth in recent years, reaching 41 million in April 2024, with immigration accounting for nearly 98% of this growth in 2023. Of that, 60% can be attributed to temporary residents.

Vivian Ifunanya Gerald

Administrator and Writer

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