Ontario universities forecast $1B revenue loss due to Canadian government's cap on international study permits.

Ontario universities estimate $300 million in revenue losses this year and over $600 million next year due to the Canadian government's 35% cap on international study permits for 2024, aimed at addressing housing and healthcare strains. The Council of Ontario Universities warns of nearly $1 billion in lost revenue, urging the government to restore Canada's appeal for international students, who significantly contribute to university funding.

October 18, 2024
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