Canada Launches H-1B Fast Track To Attract Skilled Workers As Trump Raises Visa Fees

Benzinga

Canada will cut foreign student and temporary resident levels while spending $1.2B to recruit top global researchers and offer a fast-track path for H-1B visa holders. The government plans to cap permanent residents at 380,000 annually and reduce temporary admissions by more than 40% to balance housing pressures while boosting high-skill talent.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Canada unveiled a plan to attract international talent while sharply cutting foreign student

00:06targets according to Bloomberg. Prime Minister Mark Carney's first budget allocates $1.2

00:10billion to recruit over 1,000 top researchers introduced as a fast-track pathway for H-1B

00:16visa holders following Trump's recent visa fee hike. Ottawa will cap permanent resident

00:20admissions at $380,000 annually from 2026 to 2028 and slash temporary resident targets

00:26by over 40% for 2025 levels. Recruited researchers' expertise will strengthen global competitiveness

00:32and drive future economic growth according to the document.

00:35For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended