International students will now need $20,000 in a Guaranteed Investment Certificate beginning next year.
Amid a cost-of-living crisis, the financial guarantees imposed on permanent residents and international students appear grossly outdated.
Experts believe that newcomers and refugees are handling the historically high inflation in a precarious way, compared to settled immigrants.
5.8 million Canadians, including 1.4 million children, in Canada's 10 provinces lived in food-insecure households in 2021
With the Consumer Price Index at a 30-year high, most Canadians — including new immigrants — are feeling "stressed and sleepless."