Canada’s post-secondary institutions can have a loss of several billion dollars
Due to the current COVID-19 pandemic, the number of international students registered at Canada’s universities and post-secondary colleges this year has dropped drastically, causing a loss of several billion dollars to these institutions. According to federal figures, foreign students contribute nearly $22 billion a year to Canada’s economy. Colleges and Institutes Canada President Denise Amyot said initial estimates show that the above-mentioned situation could cost Canadian universities and colleges a loss of between $1.8 billion and $3.5 billion as of now. The Canadian government recently made some changes, such as allowing international students to take remote classes. Universities said it helps little and urged the federal government to provide funds to help Canadian universities.
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