The government of Prime Minister Justin Trudeau plans to lower the country’s immigration targets by up to 20 %, in a move it says will stabilise the housing and job markets.

The projected number of foreigners granted permanent residency will be cut from 485,000 this year to 395,000 in 2025 while the issuance of student visas will be capped further.

As a result of this new policy, the country’s population could shrink by 0.2 percent in the next two years and reduce the housing supply gap by around 670,000 units according to the government.

Critics see this move as a way for the incumbent Liberal administration to gain the hearts and minds of Conservative voters ahead of next year’s elections, where immigration is expected to be a determining factor.

At 9:30, we be discuss the highlights of Financial Secretary Paul Chan’s visit to Saudi Arabia.

After 9:45, we learn more about a viral duct taped banana sold by Sotheby’s at an estimate of US$ 1.5 million.


9:05am-9:30am: Canada's tightening of immigration policies

9:05am-9:30am: Usha George, Professor at the School of Social Work, Toronto Metropolitan University

9:05am-9:30am: Stuart Hargreaves, Associate Professor at the Faculty of Law, The Chinese University of Hong Kong


9:30am-9:45am: Financial Secretary Paul Chan's Saudi Arabia visit

9:30am-9:45am: Brian Yeung, Co-Founder of Brandstorm Communications


9:45am-10:00am: Sotheby's duct-taped banana exhibit

9:45am-10:00am: David Galperin, Senior Vice President and Head of Contemporary Art, Sotheby’s (New York)