Economics
Trump's Nafta Shift Could Cost Canadians and Mexicans Their Jobs on Wall Street
- U.S. move blocks analysts from qualifying for TN Nafta visas
- Banks seeking workarounds for analysts renewing 3-year permits
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Canadians and Mexicans working in Wall Street’s research departments have a lot more to worry about than the next earnings season.
Financial firms operating in the U.S. have for years used the professional designation of “economist" to get so-called TN visas for research analysts from those countries under the North American Free Trade Agreement. That’s now changing, after U.S. Citizenship and Immigration Services issued a Nov. 20 memo saying analysts aren’t economists and thus don’t qualify for the three-year renewable visas.