What is the economic impact of Ontario universities?

Universities make a significant economic impact on their communities. Check out the quick facts below to get a snapshot of the findings of the Conference Board of Canada’s report, The Economic Impact of Post-Secondary Education in Canada, released in 2014.

Quick Facts

  • Canadian universities and colleges generate more than $55 billion of economic activity
  • Every dollar spent on postsecondary education creates $1.36 for the Canadian economy
  • Canada’s postsecondary sector supports close to 680,000 direct and indirect jobs
  • Surrounding communities benefit from off-campus student spending, which can generate as much as $17.5 billion in economic activity
  • The largest university in Ontario contributes $15.7 billion to the economy each year, while a mid-sized university generates about $2.5 billion.