Immigration to Canada is likely to remain at a trickle for at least the first half of this year as the COVID-19 pandemic rages on despite Ottawa's ambitious targets, reveals an RBC Economics report.
"In the long-run, Canada does have the capacity to hit the ambitious targets set out last fall and population growth from new immigration will again return as the main driver," writes Andrew Agopsowicz, a senior economist at the Royal Bank of Canada.
In the short-term, though, the economist says border restrictions, processing delays, and a downturn in applications for permanent residency will keep immigration to Canada far below Ottawa's target for this year, particularly during the first six months.
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