All articles tagged with #economic driver
Canada plans to reduce the number of temporary residents by about 20% over the next three years, as the influx of temporary residents has exacerbated housing shortages in the country. This decision comes as Canada, which heavily relies on immigration as an economic driver, aims to set a target for temporary resident arrivals for the first time.
The Albuquerque International Balloon Fiesta is set to begin, featuring a drone light show, mass ascension of hot air balloons, and a variety of colorful and special-shaped balloons. The event, which started in 1972 with 13 balloons, has grown into a major economic driver for Albuquerque. With the Rio Grande river and nearby mountains as backdrops, the fiesta attracts nearly 830,000 visitors from around the world. Nighttime events include fireworks and balloon glows, and 550 balloon pilots are registered to fly this year, taking advantage of the unique wind patterns known as the Albuquerque box. Visitors can also pay for balloon rides to enjoy the scenic views.