As the battle surrounding the right level of migration into Australia continues to be waged from the halls of power in Canberra to the digital battlegrounds of cyberspace, the example of Canada is often cited as proof that dramatically lower migration can be pursued and does not need to result in significant economic downside, at least on a per capita basis.
We have covered this topic extensively here at Macrobusiness.
But to briefly revisit, Canada’s rolling 12-month net overseas migration rate has fallen from 1.2 million in the year to the March quarter of 2024 to 151,800 in the year to June this year.
