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Billionaire Ambani's Jio jumps 21% in market debut after record India IPO
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Billionaire Ambani's Jio to debut after record India IPO
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Sri Lanka's Tamil farmers fight to reclaim land after civil war
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UK set for cautious budget as borrowing costs climb
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US Fed expected to hold rates steady ahead of key midterm elections
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Palestinian activist Khalil returns to Columbia after US detention
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AI chip giant SK hynix says quarterly operating profit soars 630%
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Charles tackles thorny legacy of slavery on Caribbean trip
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UN nuclear watchdog chief urges Iran to grant access
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Boeing shares tumble after it releases cautious growth forecast
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Boeing releases cautious growth plan as shares fall sharply
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Boeing reports smaller loss as it aims for stable output growth
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Dangote, Nigeria's oil tycoon rewriting Africa's story
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Kane says Ballon d'Or win 'feels like a dream' as tributes pour in
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HSBC profit jumps on higher rates, lower costs
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Mercedes-Benz cuts 2026 profit outlook on tough China market
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China brands drop Mbappe for 'offending national sentiments'
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Delhi grants minimum monthly pay and DA to about 4,000 MCD health workers
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Critical coal inventories affect nearly half of India’s domestic power plants
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FCNR(B) deposit drive puts sharper margin pressure on private banks
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Gold ETF flows turn negative after 13 weeks as bullion loses 4%
Canada to further cut international student, foreign worker permits
Canada announced Wednesday it was slashing international student permits next year, and tightening foreign worker rules to further bring down the number of temporary residents in the country.
The move comes after several recent rounds of restrictions aimed at taming record immigration levels that pushed Canada's population past 41 million earlier this year.
Prime Minister Justin Trudeau's government has pointed to the high immigration as straining the country's housing sector, jobs market and social services.
"It is a privilege to come to Canada. It is not a right," Immigration Minister Marc Miller told a news conference.
In 2025, Ottawa plans to issue 437,000 study permits to international students, down from 485,000 this year and more than 500,000 in 2023.
It is also putting new limits on work permits for spouses of some international students and foreign workers. And it will be stepping up checks before issuing travel visas to stem a spike in fraudulent or rejected asylum claims.
Ottawa has already said it would reduce the number of temporary residents to five percent of the population, down from 6.8 percent in April.
D.Avraham--CPN