👉The Royal Bank of Canada's economic update indicates support for the federal government's decision to maintain current immigration levels, asserting that it aligns with immediate goals. However, the report suggests a need for increased immigration in the long term to stabilize the nation's age distribution and sustain economic momentum. Even the existing annual intake of 1.3 percent falls short of achieving the desired age structure stabilization, requiring approximately 2.1 percent, according to the bank. Contrary to the recent trend of escalating targets, the federal government's latest three-year plan maintains consistent immigration goals, with projections of admitting 485,000 newcomers in the coming year, followed by 500,000 in 2025 and 2026. The report underscores this shift, halting the pattern of annual increases that saw Canada's final immigration target rise by 36 percent from 2020 to 2023. The government's response to the ongoing infrastructure crisis, causing housing shortages and escalating real estate prices nationwide, is cited as a contributing factor to this decision.✅ . . #CanadaImmigration #EconomicStability #PopulationBalance #RBCInsights #FutureofImmigration #AgeStructuralStability #InfrastructureCrisis #mnm #malayalisnearmeapp #canadaupdate #canadanews