Skip to content
The bank has reportedly made the decision amid difficulties in securing U.S. work visas for its prospective employees. (Bloomberg, The Logic)
Talking point: Evercore might not be alone. Bloomberg reported that other Wall Street firms were considering a pause on recruiting students from Canada and elsewhere. In September, U.S. President Donald Trump said his administration would impose a US$100,000 fee on applications for H-1B visas, which had been a pathway companies used to bring skilled foreign workers to the U.S. Canadians accounted for about 1 per cent of H-1B applicants in 2019, according to U.S. data. Ottawa hopes the uncertainty around immigration in the U.S. will create an opening. Prime Minister Mark Carney said last year the government aims to develop a “clear offering” for tech workers who might otherwise have gone to the U.S. That shift, however, comes as Canada has tightened immigration levels, with caps on temporary residents in place through 2028.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: The rise of AI-powered solopreneurs could upend how the economy works
Briefing
Celestica completes US$3.45B share sale to meet demand for data-centre equipment
Sun Life pitches itself on Wall Street as an alternative to Blackstone, Apollo
MDA revenue jumps 34% in Q2, raises full-year outlook
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
