WEB - Van People - Vancouver, 11/06/2020 - ARTICLE, Chinese Image Source: Van People website Summary Translation: Yorkbbs - According to IRCC, international student and newcomer numbers have been severely affected due to the COVID-19 pandemic. In the first quarter of 2020, the number of international students arriving in Canada was slowly declining. It has declined by 45% in comparison to the same period last year. China is Canada’s largest source of international students, and the number of Chinese international students has dropped severely. According to IRCC data, there were only 7,055 Chinese international students who obtained study permits in the first quarter, which was a 51% decrease compared to the same period last year. International students bring in most of the revenues for Canadian post-secondary institutions. Aside from textbook and living expenses, international students pay up to $6 billion in tuition fees each year. According to RBC’s prediction, the decrease in the number of international students will directly lead to a significant decrease in the revenue of Canadian universities and colleges. After the COVID-19 outbreak, many institutions have moved their traditional lessons online. RBC expert economic analyst Andrew Agopsowicz predicts that institutions will continue to move more courses to distant learning. With the travel ban issued by the government, the number of international students attending physically will decline drastically in September. Regarding the reason for the decline in international students, Agopsowicz said this is closely related to the federal government’s measures to restrict foreigners from entering the country during the pandemic. In order to prevent further spread of COVID-19, the federal government restricted foreigners from entering the country on March 18. This means only individuals with permits granted prior to March 18 can enter the country. The decline in international students and newcomer numbers will have long-term chain effects in the future. This will not only impact revenue for post-secondary institutions, but will also impact the rental market and businesses. Ultimately, it will impact the economic growth of Canada in general. However, it appears that Canada is still planning to welcome immigrants to the country. Federal Immigration Minister Marco Mendicino has mentioned numerous times that immigration continues to be a key to help revive Canada’s economy after the pandemic. Link to original article: https://info.vanpeople.com/?action-viewnews-itemid-1084720
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