Canada’s federal government has maintained tight 2026–2028 immigration levels that cap new temporary-resident arrivals at 385,000 while stabilizing permanent-resident admissions near 380,000, with the explicit goal of reducing non-permanent residents below 5 percent of the population by the end of 2027. Recent Statistics Canada revisions released in September 2026 substantially raised earlier population estimates for late 2025 and early 2026, converting reported quarterly declines into flat or modestly positive figures and placing the July 1, 2026 total at a record 41.8 million with 0.2 percent quarterly growth. These adjustments, driven by better data on temporary-resident departures, have lowered the likelihood that any annual or quarterly contraction in 2026 will exceed the largest previously recorded drop, aligning with trader consensus reflected in the 83.5 percent probability for “No.”