5 signs Ontario’s colleges are in crisis

Conestoga College is cutting deep. In its latest attempt to shrink, the school just offered voluntary exit packages to 373 full-time faculty members. That is more than half of its permanent staff. Librarians, counsellors, even health and safety trainers were told the details in a memo. The message was clear. Entire programs are on the …

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Ontario’s skyrocketing insolvencies herald an economic storm, foretelling devastating job losses.

The insolvency statistics for Ontario in April 2024 reveal a significant increase. Let’s break down the key points: Total Insolvencies: In April 2024, there were 960 bankruptcies and 3,717 proposals in Ontario. This represents a 6.5% increase compared to the previous month and a substantial 34.3% increase compared to April 2023. Consumer Insolvencies: Consumer insolvencies surged by 22.6% during the 12-month period ending April 30, …

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