20:44:50 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,236,013,239
Close 2026-01-02 C$ 102.40
Market Cap C$ 126,567,755,674
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Globe says Scotiabank's Young sees gaps in immigration

2026-01-05 08:14 ET - In the News

The Globe and Mail reports in its Saturday edition that Scotiabank economist Rebekah Young says the federal government is expected to keep its foot on the immigration brakes in 2026 as it works to rein in unsustainable population growth. Ms. Young says that by the government's own projections, growth will slow sharply over the next two years as temporary resident numbers are pared back through a mix of departures and status transitions. The pivot toward an immigration plan anchored in economic potential is a step in the right direction, but the adjustment carries risks. Collateral damage could be most pronounced in sectors in which labour shortages are structural -- particularly in care-related roles. Here, skill complementarity matters as much as competition. Earlier policies have left Canada ill-prepared for an aging society; an abrupt pullback now risks amplifying gaps in areas of high need. For Canadian families facing sudden or chronic caregiving demands -- whether for children, seniors or vulnerable relatives -- the outlook for 2026 looks challenging. International hiring pathways remain closed, and temporary caregiver permits issued since 2023 account for less than 0.5 per cent of all temporary work permits.

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