On July 11, the Canadian government updated its list of restricted regions for the Temporary Foreign Worker Program (TFWP). According to the latest directive, 26 Census Metropolitan Areas (CMAs) across the country will suspend the processing of "low-wage stream" Labour Market Impact Assessment (LMIA) applications due to unemployment rates at or exceeding the 6% threshold. This measure is a continuation of a policy announced by the federal government in early 2024, aimed at protecting job opportunities for local residents in areas with high unemployment. The expansion of this list, which includes major immigration destinations like Toronto and Vancouver, undoubtedly has profound implications for many foreign nationals and their employers seeking to obtain or extend work permits for low-wage positions.

Recent news of the U.S. planning a high-threshold "Gold Card" visa has sparked interest in whether Canada offers a similar pathway for directly purchasing permanent residency. Canada does not have such a "Gold Card"; its economic immigration programs primarily focus on attracting skilled talent rather than pure investment. However, Canada does provide several immigration streams for entrepreneurs and investors intending to establish or operate businesses within the country, leading to permanent residence. These include the federal Start-Up Visa Program, the unique Quebec Immigrant Investor Program, and various Provincial Nominee Programs for entrepreneurs.

New research highlights how Canada's Start-up Visa policy has become an attractive option for immigrants in the United States, particularly those holding H-1B visas.