The federal and provincial governments have been underfunding universities for decades. Recently, universities were able to start recruiting foreign students to make up for the shortfall, but it looks like that money tap will be turned down. It doesn’t look like there’s a plan to make up for it.
At the same time, the feds want to
recruit more than 1,000 top international researchers to Canada, with the budget injecting up to $1.7-billion into a suite of recruitment measures.
That’ll be tough if universities see their income crater.
Entirely anecdotal, but a University I was attending almost went bankrupt during the pandemic because no one was paying for parking. Like, just losing that income almost destroyed it. I’m not sure Carney, who has never had to worry about rent, can really understand that.
Right. The guy has a PhD in economics, but doesn’t understand how things get paid for. smh.