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Honestly, I don't think it's even about profit everywhere.
I obviously don't know what it's like in Canada, but in my country, we also have socialized healthcare (like Canada), we have a shortage of some specialty doctors because they're expensive to train and expensive to hire, and many go to other, richer countries instead (Finland in particular, as it's close by). But nobody works huge amounts of overtime usually. Nurses work double or triple shifts, but mostly overtime is voluntary, and the only reason they work 16 or 24 hours in a row is because of stupid traditions and the slight risk of information going missing with the shift change.
The one upside is that they get a bunch of days off after each shift since you only need 2 shifts a week, and actually get to skip one shift every now and then if you don't want to do overtime.