Thank you. I'd be happy to.
In the province of Ontario, similar to other jurisdictions in Canada, revenues for universities are based on a provincial grant per student, the tuition of students and international student income, plus some other smaller things. Since the economic crisis of 2008, the provincial grant has been essentially flat. In 2019, the provincial government reduced tuition by 10% and has frozen it there since, in a highly inflationary environment, so in order to make up revenues and keep afloat, universities, to some extent, turned to international students.
We have an opportunity for international student to enrich our classrooms and to cross-subsidize our institutions, but if institutions are just holding on by a tether financially, we can't enjoy the benefits of that.
Any coordinated policy needs to involve the provincial government's stepping up and restoring domestic funding levels. Right now, Ontario universities receive about 21% of their total revenues from the provincial government. When I did my undergraduate at Trent University in the eighties, it was closer to 80%.