Can you explain how is this number related to ITA's
The targets announced today are the PR targets for 2018 and not the ITA targets.
ITA is sent to all in the Express Entry pool which includes Federal Economic (FSW, FST and CEC) and Provincial Nominee Program (only those through EE pool).
1 ITA gets converted to 0, 1 or 2 PR's.
How 0?
-ITA received is declined.
-No action on ITA, which causes it to expire after 90 days
-Submitted application and got refused/rejected
How 1?
-Single applicant submitted application after ITA and was approved
How 2?
-Primary applicant + dependant (spouse) submitted application after ITA and was approved.
So we cannot get an accurate ITA target as it depends on what happens throughout the year. This is the reason why the ITA counts are not constant throughout the year.