COVID-19 could cost Canadian universities millions, even billions: Statistics Canada

MONTREAL – Canadian universities could lose as much as $3.4 billion this year due to the COVID-19 pandemic, Statistics Canada has projected, in large part due to a decrease in the number of foreign students.

In a report published this week, Statistics Canada tried to estimate university budget losses for the 2020-2021 school year.

Tuition fees make up an increasingly large portion of university revenues, the agency said. In 2013-2014, tuition fees accounted for 24.7 per cent of school funding, while they made up 29.4 per cent in 2018-2019.

The largest portion of university revenue comes from government funding, at 45.8 per cent.

Statistics Canada said the increase in the proportion of tuition fees was caused by a growing number of foreign students, who pay higher tuition — almost five times as much as Canadian citizens.

In 2017-2018, foreign students alone paid about 40 per cent of all tuition fees.

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Capitol Hill rowhouse, former home of Canadian ambassador, set for auction Oct. 24

The four-level house, formerly the residence of the Canadian ambassador to the United States, has an elevator to all four levels and a gated two-car garage. Located adjacent to Stanton Park and within walking distance of the U.S. Capitol, the Supreme Court, the Library of Congress and the Mall, the house has panoramic views of the city and its monuments from the rooftop deck, reached from a spiral staircase.

The 5,600-square-foot rowhouse has six bedrooms, six bathrooms, hardwood floors and custom millwork. The main level includes a formal living room and a formal dining room, each with a 12-foot-high ceiling. The living room has a fireplace and a box bay window. At the back of this level is a large kitchen with stainless-steel appliances, a center island and a glass door to a deck. A closet and powder room are also on the main level.

The first of two upper

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