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Category: Funding and Finances

Better Together

So far in the pandemic, the fiscal picture in Canada looks like this: The federal government is splashing enormous amounts of cash through EI, CERB, CESB etc. to support individuals, and sustaining businesses through wage subsidies, rent subsidies, and cheap loans. Provincial governments have focussed mostly on meeting the front-line costs of the crises – such as costs in hospitals, long-term care centres – and on some boutique financial measures to help households (some extra money to seniors, breaks on

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May 4, 2020 No Comments

Coronavirus (16) – Shared Sacrifice

Lots of people are gaming out what post-Corona looks like economically.  Increasingly, we seem to have consensus that 2020 will be the worst year for the global economy since the early 1930s, with GDP drops for the year landing somewhere between 5-10%.  There is considerable debate about the speed of the bounce-back, with people talking about recoveries that V-shaped (i.e. quick), U-shaped (not so quick), or bathtub-shaped. We could be in this a long time: no one really knows the

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April 15, 2020 No Comments

Coronavirus (6) – Postcorona

Morning all.  Coronavirus again today, but I think my coverage of it is going to slow down.  The situation is settling down a bit and it doesn’t look like we are going to have avalanches of new decisions or anything to analyse.  If you want to follow the various states of institutional closure (who still has cafeteria service, which ones have travel restrictions, etc., keep checking in with Ken Steele, who seems to have this covered reasonably comprehensively.  But I suspect

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March 19, 2020 2 Comments

A Tale of Two Budgets

The first two big provincial budgets of the year came from British Columbia and Alberta and they could not have been more different. To start out in Victoria, the folks in BC had a nice, tidy, almost do-nothing budget.  Grants to institutions rose by 1% – that is, slightly less than inflation – while spending on student aid rose by nearly 23%.  Some but not all of that money went to a new “BC Access Grant” which got trumpeted all over the

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March 11, 2020 2 Comments

The Shifting Cost-base of Ontario’s Higher Education System

Today, I want to talk about a massive shift in the higher education cost base that has gone largely unremarked but had huge implications for institutions across the country. Let’s start by looking at Ontario undergraduate application statistics for 2020, the preliminary version of which came out a couple of weeks ago.  Figure 1 shows very little change from last year in terms of the big four application areas.  STEM is down a tad, but nothing to write home about

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February 10, 2020 1 Comment

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One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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