A recent Global Affairs Canada analysis revealed that international students significantly impacted the Canadian economy in 2022, contributing $30.9 billion to the GDP. This figure stems from their combined spending of $37.3 billion on tuition, accommodation, and other expenses. Remarkably, international student spending surpassed the value of Canada’s exports in several key product categories, including wood products and electronics. The number of study permit holders has dramatically increased over the past two decades, with every province and territory benefiting. Ontario saw the highest number of international students, while Prince Edward Island experienced the greatest percentage growth.
