Author: Marzio Pelù

Canada: the poor get poorer, the rich get richer

TORONTO – High interest rates have had a negative impact on low-income Canadian families more than on wealthy ones, as a new report from Statistics Canada highlights. A rather obvious thing, given that low-income families have less ability to “defend themselves” from the increase in the cost of living: but the Statistics Canada report, beyond the obvious conclusion, analyzed savings and wealth in the third quarter of 2023 and what emerges is that the low-income group was also penalized by a laughable increase – of 3% – in average salaries, which is was abundantly absorbed by a 43% drop in net income from possible investments and, above all, by higher rates for consumer credit. The richest, however, enjoyed a greater increase in average wages (almost 6%) and net investment income (almost 10%). This group therefore experienced the fastest pace of average disposable income and was the only group to increase net investment income.  (more…)

CORRIERE CANADESE / Studenti internazionali, arriva la “stretta”

TORONTO – Il Canada ridurrà il numero di permessi per studenti internazionali del 35% come parte di “un tetto temporaneo di due anni alle iscrizioni straniere”, ha annunciato ieri mattina il ministro federale dell’Immigrazione, Marc Miller. Il tetto ridurrà il numero di permessi di studio approvati, nel 2024, a 364.000, mentre il limite del 2025 sarà rivalutato alla fine di quest’anno. Saranno esentati dal tetto gli studenti che si iscrivono ai master ed ai dottorati di ricerca… Read More in Corriere Canadese >>> 

International students in Canada, here the “squeeze”

TORONTO – Canada will reduce the number of international student permits by 35 per cent as part of “a temporary two-year cap on foreign enrollments,” Federal Immigration Minister Marc Miller announced this morning. The cap will reduce the number of approved study permits in 2024 to 364,000, while the 2025 limit will be re-evaluated at the end of this year. Students enrolling in master’s and research doctorates will be exempt from the cap. “These are the bright people we need to retain instead,” Miller said, adding that doing so will allow them to decisively confront the institutions and “bad actors” who have to pay exorbitant tuition fees to international students. (more…)