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The University of Toronto campus on June 10, 2020. The plunge in numbers of foreign students due to the pandemic could pose a challenge for many Canadian universities. The Canadian Press/Nathan Denette
The pandemic has brought a financial day of reckoning clearly into focus for Canada’s universities. The immediate crisis comes from a collapse in revenue from declining foreign student enrolment. But the plunge in foreign student numbers is just the revenue side of the challenges; there are significant spending problems as well.
Bill Tufts is a political commentator. He is the founder of Fair Pensions For All, an advocacy group focusing on public-sector pension and compensation issues, and author of the book "Pension Ponzi."
