Report
Aditi Joshi ...
  • Apurva Khandeparker
  • Travis Shaw
  • Vaqar Hussain

International Student Recruitment Rebound Hindered by Canada’s Visa Processing Backlog

After a sharp drop in 2020, as a result of border restrictions for different nations and national Coronavirus Disease (COVID-19)-related strategies, international student recruitment at Canadian universities is again on the rise. As the pandemic unfurled, universities were prompted to close campuses and shift to remote learning, forcing thousands of international students to take the majority of their courses online or choose to defer enrolment. While the trend may persist longer in other parts of the globe, notwithstanding initial fears, demand has so far remained much more resilient than we anticipated for Canadian universities. However, processing delays and a mounting backlog of student visa applications have managed to constrain mobility and damp the much needed growth in international student enrolments to support revenues.
Underlyings
Concordia University

Guelph, University of

McGill University Health Centre/Centre universitaire de santé McGill

Simon Fraser University

Toronto, University of

Université du Québec à Montréal

University of Ontario Institute of Technology

Wilfrid Laurier University

Windsor, University of

Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Aditi Joshi

Apurva Khandeparker

Travis Shaw

Vaqar Hussain

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