Despite declining public support for immigration in Canada owing to rising unaffordability, the federal government has decided to maintain its current record levels. This means approximately 500,000 new permanent residents will be welcomed each year.
Justin Trudeau’s government faced pressure to reduce this target, as surveys indicated a growing number of Canadians believe there is excessive immigration. However, Immigration Minister Marc Miller announced during a recent press conference that the government would not alter its course. He explained that stabilising immigration at current levels is vital for successful integration and ensuring sustainable population growth.
A survey conducted by the Environics Institute revealed that 44 percent of Canadians consider immigration to be “too much,” while 51 percent disagree. This marks a significant shift from the previous year when only 27 percent held this view, with a record high of 69 percent in disagreement. Minister Miller emphasised that stabilising immigration levels would enable the government to address labor shortages, particularly in the construction industry, and meet the housing and healthcare needs of newcomers.
Indian-origin finance expert named chancellor of the ‘Stanford of Canada’
The University of Waterloo, often likened to the “Stanford of Canada,” is renowned for its academic excellence and innovation. Dr. Bachher’s selection as chancellor mirrors his impressive academic journey and contributions to the world of investments.
Currently serving as the chief investment officer and vice president of investments at the University of California, Dr Baccher oversees a substantial investment portfolio totaling $164 billion across ten campuses.
Dr. Bachher is an alumnus of the University of Waterloo, with degrees in Mechanical Engineering and Management Sciences. In a release issued by the university, Dr. Bachher attributed his passion for education to his parents, both teachers, who dedicated over six decades to teaching in India, Nigeria, and Canada