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

Dow Jones

Nov 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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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2025 22:41 ET (03:41 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canada's Visa Caps Don't Look So Bad for IDP Education -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanada's Visa Caps Don't Look So Bad for IDP Education -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-07 11:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0341 GMT - Canada's caps on international students are viewed by <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> 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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2025 22:41 ET (03:41 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765059.SGD","symbol_name":"FTIF - Franklin US Opportunities A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2581021214","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581021214","pubTimestamp":1762486860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2025 22:41 ET (03:41 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}