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13 Dec

By Randy Thanthong-Knight and Monique Mulima, Bloomberg. Last Updated: Dec 11, 2024, 09:21:00 AM IS. The report highlights significant developments in global markets and economic trends today.

Synopsis

Canada's higher education sector is facing significant challenges due to Prime Minister Justin Trudeau's immigration policy changes. Capping foreign student permits has led to job losses, program suspensions, and potential closures at colleges and private institutions. While aiming to alleviate social and housing pressures, the policy shift has sparked concerns about economic impact and Canada's reputation as an education destination.

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