Morning Update: Ottawa announces two-year cap on foreign student admissions

News Snapshot:

Good morning, In an effort to ease the pressure that foreign students are putting on housing and health care, the federal government imposed an immediate cap on the number of international study visas that it issues and temporarily froze the application system for foreign undergraduate students across much of the country. Economists largely welcomed the move because they say the economy can no longer absorb the growing number of newcomers . However, the policy will put pressure on the bottom lines of universities and colleges that rely on international student fees. In his announcement yesterday, Immigration Minister Marc Miller unveiled...