Student Travel: Canada and Students

student travel: The Moody's warning comes several months after a dustup between Canada and Saudi Arabia resulted in the kingdom yanking the scholarships of Saudi students studying in Canada, according to National Observer. The impact of such a move by China would be far greater, Moody's warns in its report, because there are 15 times as many Chinese students in Canada. Tuition for international students is much higher than that charged to Canadians and has become a crucial source of income for schools, Moody's says. ; China has made no moves to cut off student travel to Canada but Moody's says there is a risk posed by the escalating diplomatic fight since Canada arrested a senior executive from Chinese telecommunications giant Huawei. Moody's notes Chinese students make up nearly two-thirds of the international student body at the University of Toronto, more than one-third at the University of British Columbia and almost one-fourth at McGill University. When Saudi Arabia cut scholarships the Council of Ontario Universities warned Ontario schools alone would lose tens of millions of dollars, without adding in the overall economic impact from the students in terms of housing and living costs. The intensification of political tensions between the Government of Canada and the Government of China poses credit risks for Canadian universities, the Moody's report warns. (www.immigrantscanada.com). As reported in the news.