StatCan releases paper on financial impacts of pandemic on Canadian universities

Statistics Canada has released a new research paper on the projected financial impact of COVID-19 on Canadian universities. The paper draws on several data sets to create projection scenarios for postsecondary institutions by province that are based on factors such as lowered international student enrolment, domestic student enrolment variations, and government funding. StatCan estimates that Canadian universities could lose between $2.5B and $438M of their projected revenues for the 2020/21 academic year. "Universities may continue to adapt and find new ways to better position themselves as an attraction for both international and domestic students," concludes the report, "and by the end of the 2021 academic year, there should be more clear measures of the impact the pandemic has had on these institutions." StatCan | StatCan (Report) (National)