HEADLINES
8 SPOTLIGHT MAGAZINE ON BUSINESS MAGAZINE • VOL 23 ISSUE 5 Conservative Leader Pierre Poilievre, who has been heavily critical of the Liberals over their housing policies, has said that the government should calibrate its immigration policy to match the pace of homebuilding in the country. The federal government ultimately decided to increase the number of permanent residents Canada welcomes each year to 500,000 in 2025 — nearly double the amount from 2015. The Liberal ministers are defending the decision to boost immigration levels, arguing immigration supported Canada’s post-pandemic recovery. But Miller and Fraser also say housing pressures have pushed the government to adjust its immigration targets as well as temporary resident admissions. Miller decided to level out the number of permanent residents coming to Canada at 500,000 for 2026, the same number as 2025. HOUSING CRUNCH PROMPTS CHANGES TO IMMIGRATION TARGETS Housing Minister Sean Fraser and Immigration Minister Marc Miller say the federal government is working to stabilize the number of people entering the country every year as housing pressures mount as internal documents from 2022 showing Immigration Department employees warned that a major increase in immigration could affect access to housing and services.
AB INBEV CLOSES FIRST OLYMPIC SPONSORSHIP DEAL
Anheuser-Busch InBev has scored a sponsorship for the upcoming Olympic Games, making it the first beer brand to ever sponsor the event. The International Olympic Committee announced its worldwide partnership with the world’s biggest brewing company, saying the team-up will stretch from the upcoming Paris 2024 Summer Games to Los Angeles 2028 Summer Games. The IOC specifically highlighted Corona Cero as the beer of choice for the partnership. Corona Cero, one of AB InBev’s non-alcoholic beers, contains less than 0.5% alcohol by volume, according to the company’s website. This partnership could be a comeback of sorts for AB InBev, which previously announced that it would be focusing its marketing efforts on sporting and music events.
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