Could U.S. uncertainty mean more foreign student cash for Canada?
OTTAWA — The head of Canada’s biggest university organization says there’s growing evidence that post-U.S. election uncertainty could help boost an important source of cash for the economy: international students.
The number of U.S. students applying to Canada for next fall has soared — and the extra attention could bring significant benefits to the Canadian economy, Universities Canada president Paul Davidson said in an interview Thursday.
The overall economic impact from foreign students — including their much-higher tuition fees — was estimated at $11.4 billion in 2014, said a study prepared last summer for the federal government.
That research also found that the combination of tuition, housing and discretionary spending by international students was greater than Canadian exports of softwood lumber, financial services or wheat. They contributed roughly as much to the economy as exports of automotive parts, said the July report for Global Affairs Canada.


