Two Ontario colleges face deep cuts as foreign student cap shrinks enrolment, reports show

Two Ontario colleges are facing significant financial hardship if they do not slash costs to cope with weaker foreign student enrolment, according to reports prepared for the Ontario government.

Loyalist College in Belleville and Northern College in Timmins could suffer revenue declines of approximately 60 per cent and 35 per cent, respectively, between 2025 and 2030, according to the reports, which were authored by consulting companies KPMG and Deloitte and obtained by The Globe and Mail.