Canada's Visa Caps Don't Look So Bad for IDP Education -- Market Talk

Dow Jones
2025/11/07

0341 GMT - Canada's caps on international students are viewed by Macquarie analysts as less tough than they could have been on student-placement provider IDP Education. Macquarie's analysts point out that Canada's cap of 155,000 students for 2026 applies only to new visas. Importantly for IDP, it doesn't include extension visas. Parsing incomplete immigration department data for recent years, they reckon that this new cap could actually imply growth in 2026 on 2025's run rate of 80,000. It is important to stay cautious, they add, especially given Canada-India diplomatic relations. Macquarie has a last-published neutral rating and a A$6.00 target price on the stock, which is down 4.4% at A$4.77. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

November 06, 2025 22:41 ET (03:41 GMT)

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