🇨🇦 University of Calgary warns $34.7M loss as federal budget slashes international student numbers A CBC News report highlights the growing fallout from Ottawa’s decision to drastically cut international student permits under the 2025 federal budget. The University of Calgary says it already faces a $34.7-million shortfall this year after a 16% drop in foreign enrolment and expects deeper losses ahead as study-permit targets plunge from 305,900 to 155,000 in 2026, and then 150,000 in 2027-28.