Canada’s Prime Minister Justin Trudeau is hiking the country’s already high immigration intake, worsening housing costs, crashing birth rates, dragging productivity, and eroding public support despite the damage.

Trudeau’s 2023 intake of 465,000 will rise to 485,000 in 2024 and 500,000 yearly after, per the immigration minister. More “newcomers” are supposedly needed to build housing and offer healthcare for past arrivals.

But the government also hides migration by not counting 700,000 supposed “short-stay” foreign students entering in 2023’s first half. With this, over 1 million actually entered last year, inflating Canada’s population to 40 million.

Long-term, Trudeau’s plan would annually add five permanent migrants for every four Canadian high school graduates, not counting “students.”

The policy aids investors but does vast damage. Trudeau’s immigration has produced a “demand shock” for housing, dramatically spiking costs beyond what Canadians can pay. In September 2023, the average home price was $475,000 US dollars while half of Canadians earn under $50,000 yearly.

“The dream of homeownership is quickly turning into a nightmare,” said researcher Sean Simpson, with two-thirds of renters now abandoning hopes of buying homes.

An economist stated housing is getting even less affordable and “shared beds” are now being rented out monthly in Toronto due to severe shortages.

The crisis has sparked increased homelessness. News articles spotlight homeless workers living in makeshift camps who were priced out of apartments on regular incomes.

Many migrants are even returning home, unable to secure housing. But Trudeau has blamed local governments instead.

The flood of new workers allows businesses to profit via low-tech, unproductive jobs instead of investing in innovation. Canada’s declining productivity will likely hinder taming inflation, necessitating more rate hikes despite economic slowing.

Workers’ wages are also taking a hit in real terms due to high inflation. Younger Canadians face stagnating incomes over their working lives rather than rising prosperity.

Rapid population growth is also crashing birth rates as home costs become prohibitive for family formation. The 2022 birth rate hit a historic low, with over a third of youth now saying they’re foregoing children because housing is unattainable.

Multiple polls show Canadians believe immigration is fueling housing unaffordability. Support for current high levels has plunged while the view it’s “too much” has surged.

Yet the business lobby wants even higher intake, with banks profiting from construction lending and growth. Politicians also back acceleration, unwilling to cut access to cheap labor and consumer growth.

The U.S. would benefit from adopting Canada’s “nimble” immigration approach, says the Biden administration. Since 2021, Biden has imported at least 4 million migrants and 2 million visa workers, following Canada’s investor-first playbook.

President Biden’s agencies will bring in almost 65,000 H-2B visa workers for US jobs as millions of Americans remain out of work.

Late Friday, DHS and Labor announced allowing businesses to bring in 65,000 additional H-2B workers for landscaping, construction, meatpacking, and other industries.

Businesses can already annually import 66,000 H-2B workers for non-agricultural jobs. Trump routinely approved more, which Biden is also doing.

Specifically, 20,000 H-2B visas will go to workers from certain Central American countries, the rest to those previously approved.

Annually, about 1.2 million immigrants get green cards and 1.4 million foreign workers enter on visas.

Meanwhile, illegal immigration adds hundreds of thousands to the labor force yearly, many given work permits.

As Breitbart has chronicled, the H-2B program is rife with abuse.

This worker expansion comes as research shows 44.3 million American-born adults 16-64 are not working – ten million more than in 2000 – not counting the unemployed.

Meanwhile, foreign workers hit their highest share in almost 30 years at over 18% of the workforce, with 30 million US jobs.

Critics argue these visa increases take jobs from Americans needing them most. With labor shortages in some sectors, employers should raise wages to attract domestic workers, they contend.

Instead, businesses addicted to cheap foreign labor get visas rubber-stamped, undercutting US workers. The program suppresses wages overall, critics say.

Advocates counter visa workers fill vital jobs Americans won’t take. They claim the programs help businesses survive and boost economic growth.

Ensuring adequate protections for US and foreign workers is crucial, advocates argue. When properly regulated, they assert the programs benefit everyone.

With political gridlock on immigration reform, presidents rely on visas for foreign workers. But this band-aid ignores deeper problems.

Long-term, training more Americans for in-demand jobs is essential. Immigration should align with economic needs, not undermine workers.

Absent reforms, these visa increases will likely continue, benefiting business at a cost for many labor advocates argue should not be ignored.

Representative Pat Fallon, a Republican from Texas, is pushing for a bill that would make it illegal for Congress members as well as their spouses to trade individual stocks.

The Daily Caller shared a copy of the plan. The text of the bill says that politicians as well as spouses would not be able to purchase or sell a “covered financial instrument,” known as a bond “as outlined in section 3(a) in the Securities Exchange Act of 1934.”

According to the legislation, several financial instruments would not be considered “covered financial instruments,” including mutual funds, exchange-traded funds, bonds, U.S. Treasury bills, and notes, as well as “any investment fund placed in a State, Federal, or local government employee retirement plans.”

As compensation for their work, a spouse of a member of Congress may receive a “covered financial instrument” from their spouse’s primary occupation during the duration of their employment in that occupation, according to the measure’s language, which goes into effect one year after the spouse of the member of Congress starts working in that primary occupation.

The people who broke the rules would have to pay a fine of either “$25,000 for each violation” or the value associated with the financial object that was purchased or sold, whichever fine is higher.

“There’s no doubt that some members want to use their power to get rich and help their families. Still, more individuals make honest errors when they try to figure out the often-confusing reporting rules. The media has turned into a cottage business that often doesn’t talk about bad players but instead criticizes innocent mistakes for political reasons.” Fallon stated to the Daily Caller, “To put an end to every bit of this, we should just pass a law that makes it abundantly obvious that members of Congress are not allowed to trade individual stocks at all.”

“To get people to trust Congress again, the Insider Trading Prevention Act is a very important first step. This is straightforward, easy to comprehend, and will get rid of all good faith mistakes, but more importantly, egregious self-promotion and insider trading,” he told the source.

The platform was bought privately by Elon Musk for $44 billion a year ago, but it is now only valued at $19 billion. The value comes from how the company figures out a worker’s equity plan.

Fortune says that Elon Musk’s X/Twitter has introduced a new stock plan for employees. The plan gives employees restricted stock units (RSUs), with each of the shares worth $45. Based on these numbers, the company is only valued at $19 billion, which is about 55% less than Elon Musk’s original buying price of $44 billion.

Even worse losses have been suffered by other groups that helped Musk take over. According to Axios, Fidelity put $300 million into Musk’s plan to buy out Twitter. The company has since written down the value of the investment by a shocking 65%.

The Wall Street Journal says that the banks that gave Musk billions of dollars to finish the deal also expect to lose money:

“After having the debt for an entire year—which is an eternity within the corporate-finance world—the financial institutions, which were hoping they would be able to sell it before Labor Day, are currently making preparations for an attempt to unload at least a portion of it,” sources said.

“They must first get a rating from organizations such as Moody’s and S&P, which is often a quality seal requirement for investors like mutual funds as well as loan managers. In the event X gets a bad credit rating, it will be hard for financial institutions to sell the debt to a larger number of investors without losing even more money than they expected.”

Tesla CEO Elon Musk said that X/Twitter is going through a time of “negative cash flow.” Musk said that this financial stress was caused by a number of things, including a big drop of 50 percent in advertising income and a lot of debt.

Today, President Biden signed an order to regulate the artificial intelligence (AI) business. The order says that AI must promote “civil rights” and “equity,” which is the left’s concept for diversity, equity, and inclusion (DEI).

The White House says it will send advice to landlords, government contractors, federal welfare programs, and other groups on how to use AI in a way that is less likely to be biased against people of color or other groups. Furthermore, enforcement measures will be taken. According to the White House fact sheet on the executive order, “training, technical help, as well as coordination involving the Dept. of Justice and the Federal civil rights offices on the most effective methods for the investigation and prosecution of civil rights offenses related to AI” will be made available.

A major focus will also be put on utilizing AI in the criminal justice system, with plans to create “the most effective practices on the use of AI in risk assessments, surveillance, crime forecasting and predictive policing, parole and probation, pretrial release and detention, and forensic analysis.”

There is an unsaid fear that letting AI fully look at certain kinds of data, like crime records and credit scores, could lead to unfair results for some groups. This worry is at the heart of the academic field of machine learning fairness, which is a mix of critical race theory together with computer science. Breitbart News has written a lot about this topic before, and this portion of the executive order appears to build on it. In the end, companies that use AI may sometimes have to stop them from coming to too exact conclusions so that they don’t break U.S. civil rights laws, especially the concept of disparate effect.

There are a lot of other important things in the executive order as well. AI companies will have to use watermarks to ensure that people can tell the difference between content made by AI (especially photos and movies) and content not made by AI.

It also gets the government involved in testing AI for safety. The Dept. of Homeland Security (DHS) will set up an “AI Safety and Security Board” to make sure that key infrastructure sectors comply with those safety requirements. The National Institute of Technology and Standards will come up with rules for testing the safety of newly developed AI systems.

Given DHS’s main role in censoring and targeting Americans, the fact that it is involved in regulating AI may worry people who fight for online freedom. In the past, DHS sub-agencies have used cybersecurity as an excuse to block “disinformation” and make plans for “deradicalizing” Americans who are conservative.

The Departments of Energy as well as Homeland Security are also going to “deal with cybersecurity risks, chemical, biological, radiological, and nuclear threats, as well as AI systems’ threats to critical infrastructure” in terms of security. The White House brief also says that agencies that fund projects in the life sciences will set standards for biological synthesis projects. This is to make sure that AI doesn’t make it easier to make biological materials that are harmful.