Prime Minister Justin Trudeau says Canada will significantly reduce the number of new immigrants in the country after acknowledging his government failed to get the balance right coming out of the pandemic.

The government says it "didn't get the balance quite right" when it bolstered immigration to address labour shortages.

The federal government is slashing immigration targets as Prime Minister Justin Trudeau admits the government did not get the balance right following the COVID-19 pandemic.

Migrants have been blamed for everything from a housing crisis to a rising cost of living and a strained healthcare system Canada will sharply lower the number of immigrants it allows into the country for the first time in years,