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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Nova Scotia company uses millions of plastic bottles to build homes, decks

Nova Scotia company uses millions of plastic bottles to build homes, decks
Nova Scotia company uses millions of plastic bottles to build homes, decks

Nova Scotia is no stranger to gale-force winds, intense storms and even the occasional hurricane. Newly constructed homes in this province must be able to withstand harsh conditions, and the sustainable buildings constructed by JD Composites are proving that they can stand formidable against these harsh local conditions.

The company, which was founded in the Sainte-Marie’s Bay area by Joel German and David Saulnier, builds homes, decks, sheds and other structures using their patented technology made from recycled plastic bottles. Their structural insulated panels (SIPs) consist of Armacell ArmaForm, which is 100 per cent made of recycled plastic bottles that are sourced from an Armacell facility in Brampton, Ontario.

Armacell’s polyethylene terephthalate (PET) technology creates foam products from recycled plastic bottles by crushing them into flakes that then undergo inhouse granulation and extrusion foaming processes. In addition to

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Podcaster Wondery Explores Sale for Hundreds of Millions

(Bloomberg) — Wondery Inc., the company behind hit podcasts “Dr. Death” and “Dirty John,” has hired financial advisers to explore strategic options, including a potential sale, hoping to cash in on growing interest from technology and media firms.



The Wondery app


© Bloomberg
The Wondery app

Wondery is expected to garner at least $200 million if it pursues a sale and could fetch as much as double that, which would represent the biggest podcasting transaction to date, according to people familiar with the matter. Even the low end of that range is twice its valuation when Wondery announced a fund-raising round in June 2019.

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The company’s revenue is up 75% from a year earlier and will surpass $40 million this year, said one of the people, who asked not to be identified because the matter isn’t public. The podcaster’s options also include raising more money or doing a deal with a

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