University of Calgary Faces $34.7 Million Loss Amid Immigration Cuts

UPDATE: The University of Calgary is grappling with a staggering $34.7 million shortfall this year, following federal budget cuts that drastically reduce international student admissions. On Tuesday, Finance Minister François-Philippe Champagne announced plans to slash the number of temporary residents allowed into Canada, including international students, to 155,000 by 2026, a steep drop from the previous target of 305,900.

This announcement has sent shockwaves through Calgary’s education and immigration sectors, raising urgent concerns about the future of post-secondary institutions and the economic implications for the region. The University of Calgary already reported a revenue decline of $15.3 million last year due to falling international enrolment, and these new measures could exacerbate that trend.

In a statement to CBC News, a university spokesperson expressed relief that graduate students were excluded from the cuts, potentially softening the blow. However, the overall impact on enrolment remains uncertain, sparking fears of lost global talent. Naomie Bakana, president of the University of Calgary Students’ Union, emphasized the negative message this sends to both prospective and current international students, stating, “The cap makes it seem like we’re not necessarily welcoming them into this space.”

Other institutions are feeling the pinch as well. While Mount Royal University has not announced any program suspensions, the Southern Alberta Institute of Technology reported challenges with international enrolment but welcomed 573 new foreign students this fall, aligning with pre-pandemic numbers.

The cuts also raise alarms for local organizations providing essential services to newcomers. The Centre for Newcomers, which relies heavily on federal funding, is bracing for potential budget reductions. CEO Nketti Johnston-Taylor noted, “We’re wondering how and to what extent that will actually affect our clients’ ability to rapidly integrate into the labour market.” The organization already faces a year-long waitlist for English language classes, and cuts could exacerbate these delays.

Calgary immigration lawyer Jatin Shory warned that the changing landscape presents significant uncertainty for employers and immigrants seeking permanent residency in Canada. He remarked, “This is not a predictable system anymore,” highlighting the growing concerns about Canada’s once welcoming immigration narrative.

As the situation develops, all eyes are on the federal government’s next steps regarding immigration policy. The implications of these cuts could reshape Calgary’s educational landscape and the future of its international community, making this a critical issue for residents and leaders alike.

This urgent crisis requires immediate attention from policymakers and stakeholders to ensure that Calgary remains a viable destination for global talent and innovation. Stay tuned for updates as this story unfolds.