Skip to main content

Featured

TSX Hits Record High as Iran Deal Lifts Markets — Daily Update, June 16, 2026

Oil tumbles on Strait of Hormuz reopening framework. All eyes on the Federal Reserve as Kevin Warsh chairs his first policy meeting. Here is everything moving Canadian wallets today. Tuesday, June 16, 2026  |  MoneySavings.ca 🇨🇦 TSX — Another Record on the Books The S&P/TSX Composite closed at a fresh all-time high on Monday, June 15, topping 35,398 intraday before finishing near the upper end of its range. The index is now up more than 11% year-to-date , the second-best performance among major global indexes tracked through mid-June — behind only Japan's Nikkei (+31%). Monday's rally was broad-based, fuelled by a surge in risk appetite following the announcement of a U.S.–Iran peace framework over the weekend. Energy, financials, and materials all participated, though energy stocks gained somewhat less than the others as crude oil prices simultaneously fell sharply on the Strait of Hormuz reopening news — a rare case where the same headline pushed the index up and one ...
Post a Comment
Read more

article

Labels

Ontario Colleges Slash Jobs and Programs Amid Foreign Student Cap



Ontario’s post-secondary sector is reeling as new federal limits on international student permits trigger steep enrolment declines. Two Ontario colleges — St. Lawrence College in Kingston and Mohawk College in Hamilton — have already announced significant cuts, citing sharp drops in foreign student numbers.

St. Lawrence College reported a 50% decline in international enrolment, forcing the elimination of 30 administrative and support positions, with warnings of further layoffs if the trend continues. Mohawk College has also told staff to brace for job losses as it struggles to offset lost tuition revenue.

The federal government’s cap on international study permits, introduced in 2024, is expected to reduce Ontario’s intake by 23% in 2025. Colleges, which have relied heavily on international tuition to balance budgets, warn that the cuts could lead to program suspensions, campus closures, and hundreds of millions in lost revenue.

Education advocates argue that without increased provincial funding, the financial strain could reshape Ontario’s higher education landscape, leaving fewer opportunities for both domestic and international students.


Labels:

Comments

Post a Comment