Lakehead on Solid Ground

Lakehead U felt it necessary, in the wake of Laurentian’s declared insolvency, to reassure the community that its own fiscal position is solid. The 2 northern Ontario institutions are comparable in size, and face many similar challenges, but Lakehead has largely adhered to balanced budgets since 2004, and implemented cost-containment strategies to ensure no deficit, even in this pandemic year. Although Lakehead has more debt, it is mostly the result of capital investments rather than cumulative deficits – and Lakehead has been growing its international student revenues since 2016, despite being the smaller of the two institutions.  TBnewswatch

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