The problem is that 70 years ago a massive baby-boom happened and there aren't enough people in Canada to keep the economy and healthcare system running properly as those people all become systemic burdens. Immigration is the only thing that keeps our demographic system from being as upside-down as every other 1st-world country.

And student-immigration is actually the best kind, because they're young and healthy and already finished the expensive free-education-schooling-years and are ready to go right into the workforce after they dump a crapload of money into the educational economy.

The problem, of course, is that in order to make this work, you have to make sure there's enough housing. And instead, we stopped building government-funded housing 30 years ago, and we let municipalities declare new housing basically illegal (well, it's legal if you Know A Guy, which is why all the builders are mobsters now). And also we don't have enough people to build as much as we need.

So yeah, the Fed has some good ideas and a reasonable top-level economic plan but they've screwed up the details catastrophically.

Basically, the "no immigration" path is either Logan's Run or every young person gets taxed to the gills as we try to support an elder-heavy country on an increasingly anemic economy. How much "opportunity" does that sound like for your kids?