The Bank of Canada is projecting that the federal government could fall short of its goal to shrink temporary residents’ share of Canada’s population over the next three years.
Immigration Minister Marc Miller announced in March that Ottawa would attempt to reduce their share of the population from 6.2 per cent to five per cent by 2027.
But on Wednesday, the Bank of Canada predicted that the government would miss that target. The bank’s monetary policy report — released as part of its announcement to reduce interest rates — said that non-permanent residents’ (NPRs) share of the population has actually grown since the goal was set in March.
