Universities could suffer a huge income deficit because of the absence of international students - Punjabi

RADIO - Red FM 106.7 The Evening Show - Calgary, 03/06/2020 - COMMENTARY, Punjabi

Summary Translation: Monica Oberoi - RBC has published a report regarding international students and people who complain about international students should listen to this report carefully. RBC has reported that due to the COVID-19 pandemic there is a lot of strain on Canada's international student sector. There is a drop of 45% in the number of international student permits issued in the month of March 2020 as compared to the number of permits issued in March 2019. What will be the immediate impact of this? The impact of this will be evident in many areas. Higher education institutes will not receive their yearly income of $6 billion. Its ripple effect will be on Canada's GDP as well. The total spending of international students in Canada is $22 billion. Canada's economy benefits from international students even after they finish their degree - 11,000 new permanent residents every year were former students. Immigration is at a standstill and the labour force without immigration is dropping. It will be very difficult for Canada to sustain its economy without introducing new workers.

Image: Producer and host Monica Oberoi, Red FM 106.7 Facebook page