Foreign students pump over $6 billion into Canadian economy

November 2, 2009

According to recent report commissioned by Foreign Affairs and International Trade Canada, international students contributed $6.5 billion to the Canadian economy in 2008. The report also credits international study in the country with creating more than 83,000 jobs and generating over $291 million in revenue. The report states that there were 178,227 foreign students in Canada in 2008, and those figures are expected to rise this year as the country boosts its marketing efforts. The Department of Foreign Affairs and International Trade currently spends about $2 million to promote Canada as a study destination, but the Association of Universities and Colleges of Canada would like the government to increase international-recruitment spending to $20 million. The Chronicle of Higher Education (free access) | Read the full report