Canada's permanent residency for money, visa restrictions, and other news
The most important events in the country from August 21 to 27.
The Canadian dollar slightly rose against the U.S. dollar. Economists attribute this to higher oil prices and improved stock markets. For ordinary Canadians, this means they can buy goods from the U.S. cheaper and that the Bank of Canada will refuse another key rate hike in September.
Canada is ramping up oil production. Canadian oil production is expected to increase more strongly in the next 2 years than it has in the past 5 years. However, this runs counter to the government's plans to reduce carbon dioxide emissions by 40-45% by 2030.
Life in Canada
Cases of COVID-19 infection in Canada are on the rise. Compared to previous waves, the average age of patients and length of hospital stay have increased. However, there has been a slight decrease in the mortality rate of those who have become ill.
Canadian officials see problems in the education system for international students. Canada is expecting 900,000 students from abroad this year, and Minister of Immigration Marc Miller says fraud is on the rise and many have begun using education as a "back door" to immigrate to the country.
And Minister of Housing Sean Fraser notes that international students put an additional strain on housing, so the Canadian government is also allowing for study visa caps per year.
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