Attached is an American newspaper column from 1917 reporting that Canada, heeding the protests of it's most impoverished citizens, moved to restrict the flow of the immigrants to their shores who were unable to meet the financial requirements:
"The commissioners say that in Canada, as in Australia, there is a strong current of opposition to immigration as it is now carried on, particularly among the wage earners in the cities. It is recognized that the development of the land is of prime consideration and that the tide of immigration into the cities has created a surplus, whereas the rural communities have suffered."
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Read about the Canadian Preferences in English...