Jack Jedwab

We're seeing a lot of pushback on migration.

And the U.S.

is seeing a lot of pushback and actually not only pushback on immigration, but actually trying to send a lot of people back to the countries they came from as well.

So a rollback almost.

So there's a lot of, if you like, a lot of rules that are being put out there to make it more challenging for people to come from various parts of the world.

It has a chilling effect.

Yeah, exactly.

And it's not only about economic opportunity and housing, which is a massive problem in both Canada and in many American cities, which is also a potential obstacle to migration because you've got to figure out where you're going to live.

But there's also global instability that people are really nervous about.

We're seeing how that plays out more in the US than Canada in some ways in terms of refugee admission and the broader migration phenomenon.

Thank you, David.

My pleasure.

Well, by and large, over the past, say, 30 years, more Canadians have moved to the U.S.

than the inverse.

We don't have up-to-date data for Canadians moving to the U.S.

because since 2023, there's sort of been a hold on releasing data from DHS, from Homeland Security, Office of Immigration Statistics, relative to how many people are entering the States and from which countries they're doing so.

But prior to 2023...

Leaving the pandemic exceptional year aside, more Canadians have been moving to the US to the inverse.

Now, having said that, there has been some uptick in Americans moving to Canada, but not major uptick.

No, I agree completely.