Jack Jedwab

So Canadians, their number one destination is the US actually.

And again, you've got, when I look at the profile, those Canadians who are leaving, again, 50% of 55 and over, right?

So they're either on the verge of retiring or retiring.

They're going to those sunnier destinations and there seems to be ways at which they can access the US and still retain dual citizenship, right?

So, because you're allowed to have dual citizenship.

Inversely, the Americans coming here are mostly younger, younger families coming here, very often relocating for job opportunities that are different types of opportunities.

But if you look at the average income of a lot of the Canadians moving to the United States, it's disproportionately higher than the Americans moving to Canada.

So Americans are trying not only in Canada, but in other countries to target people who are able to contribute at the higher levels of the economy.

Yeah, exactly.

And that works both ways to some extent, but I'd say much more so on the Canadian side moving to the U.S.

than the U.S.

side moving to Canada.

I'm not getting that impression, although if you look at survey data, young people today seem more inclined than previously to be interested in living somewhere else.

And that's true both in the United States and in Canada.

But again, we get into this whole issue about intentions and what people say in surveys and then the actual move and what that entails.

You are seeing more of this transnational phenomenon.

It's hard to really capture how significant it is, but it could be a growing phenomenon amongst younger people where they're able to work remotely.

you know, able to live in sort of two places at the same time, you know, three places if you consider some of them living in cyberspace.

I think migration is – well, we were up to record levels of immigration in Canada until end of year 2024 when our government announced a 25% cutback on permanent residence, on massive cuts in study permit.

significant cuts in temporary workers.