After a sharp drop in 2020, as a result of border restrictions for different nations and national Coronavirus Disease (COVID-19)-related strategies, international student recruitment at Canadian universities is again on the rise. As the pandemic unfurled, universities were prompted to close campuses and shift to remote learning, forcing thousands of international students to take the majority of their courses online or choose to defer enrolment. While the trend may persist longer in other parts ...
Ontario universities saw a flurry of applications from Ontario secondary school students, also known as the 101s or domestic students, according to the latest statistics from the Ontario Universities’ Application Centre. These figures do not include nonsecondary school applicants (i.e., mature students and transfer, international, and out-of-province students), which will be reported on in April. The February 2022 numbers point to an 8.4% increase in the total number of applications compared wit...
While many jurisdictions across Canada continue to grapple with the fourth wave of the Coronavirus Disease (COVID-19) pandemic, for public universities, the faster-than-anticipated vaccine roll-out and high inoculation rates are supporting a cautious return to in-person learning and other on-campus activities. With this increased campus presence, higher utilization of ancillary services are expected to financially benefit institutions. In-person learning and greater access to campus facilities a...
DBRS Limited (DBRS Morningstar) confirmed York University’s (York or the University) Issuer Rating and Senior Unsecured Debentures rating at A (high) with Stable trends. The ratings are supported by York’s strong academic profile, favourable location in the Greater Toronto Area (GTA), and healthy operating results. The challenging operating environment and some uncertainty about the direction of provincial policy remain obstacles for all public universities in the Province of Ontario. In the pas...
The coronavirus pandemic has led to a rapid shift to remote learning, considerably reduced on-campus activity, and an uncertain enrolment outlook in Canadian post-secondary education. However, earlier fears that domestic and international enrolment would fall sharply have not materialized for Canadian universities that DBRS Morningstar rates.
The Coronavirus Disease (COVID-19) pandemic has had a near-term negative impact on Canadian universities because of travel restraints, physical distancing, and mandatory shutdowns, all of which affect how they traditionally operate. Ratings are not likely to decline under DBRS Morningstar's moderate case economic scenario. However, if current conditions persist to the end of 2020, the pandemic may have a significant effect on university credit profiles and, without offsetting government financia...
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