Population dip will cut into economic numbers, think tank warns

Immigration levels peaked in 2023 and 2024, topping 472,000 in each year. Federal government immigration targets for 2026 have been lowered to 380,000, however, and will inch down to 365,000 next year. The number of new temporary residents, such as foreign post-secondary students and temporary foreign workers, were also cut last year by about 50 per cent.