By Wa Lone TORONTO (Reuters) – Canada on Monday announced a two-year cap on the intake of foreign students after an explosive growth in recent years aggravated the housing shortage. Last year Canada issued nearly one million study permits, about three times that of a decade ago, according to government data and the new proposal will cut the intake by nearly a third. Here is how the new plans will work and what’s at stake. WHAT ARE THE DETAILS? Canada’s Immigration Minister Marc Miller said the Liberal government will introduce a temporary, two-year cap on student visas, which will result in th…