The federal and provincial governments have been underfunding universities for decades. Recently, universities were able to start recruiting foreign students to make up for the shortfall, but it looks like that money tap will be turned down. It doesn't look like there's a plan to make up for it.
At the same time, the feds want to
recruit more than 1,000 top international researchers to Canada, with the budget injecting up to $1.7-billion into a suite of recruitment measures.
That'll be tough if universities see their income crater.
Got that right. The head of our local college was making $400,000 a year before he retired. This is a small town college not a university, and that kind of income is ridiculously high for a college president in a town of 60,000. Thats double what our premier makes.
On the other hand, I did a little digging and compared to other English speaking nation universities, Canada is actually bottom of the list for paying our university presidents: https://higheredstrategy.com/wp-content/uploads/2024/01/Figure-6.png
I'm sure private universities in places like the US are included in those figures