
Northern Alberta Institute of Technology pausing 18 programs amid financial pressures
Eighteen programs at Northern Alberta Institute of Technology are on the chopping block, amid rising cost pressures and declining international student enrolment.
The school will be pausing the programs to undergo a further review. Peter Leclaire, NAIT's vice-president academic, said during a news conference Thursday that the school will help ensure NAIT is offering relevant and sustainable programming.
"This decision was not made lightly," Leclaire said.
NAIT is already seeing less international student enrolment, and anticipates declines over the next three years, he said. The school recorded around 4,000 international students in recent years, but he expects that number could drop to 1,200.
The institution is among many post-secondary schools in Alberta feeling the impact of changes in federal policy, that caps the number of study permit applications that can be accepted.
Leclair also cited rising costs and tariffs as other factors in the potential program cuts.
"International tuition, it can be as much as three times as much as what a domestic student can pay and can make a big difference — and has helped to sustain some of our programs," he said.
The programs that could be affected include:
Two programs in the school of health and life sciences: the leadership in healthcare certificate and personal fitness trainer diploma;
Eight in the school of media and information technology, including the captioning and court reporting diploma;
Two in the school of energy and natural resources, including the alternative energy diploma;
Two in the school of construction and building sciences, including the surveying and geospatial engineering technology diploma;
Three in the school of manufacturing and automation, including the nanosystems engineering technology diploma;
And the school of transportation's pre-employment auto body repair certificate.
Students who are midway through a program will be able to complete it, but those who were planning to attend in September will have to either accept an alternate program or take a tuition refund.
Leclaire said some 450 people have accepted offers into those programs or have offers pending.
The school chose which programs to pause after analyzing application and enrolment rates, labour market outcomes, employment rates, program satisfaction and financial viability, Leclaire said.
"We hear repeatedly about the skilled trades and skilled technologies where we're seeing great growth, and we're just trying to align to best serve the economy and Alberta with the resources that we have," he said.
Any decision to suspend a program must go to academic council, he added.
CBC News obtained an email sent to NAIT staff from Stephen McMillan, the dean of the schools of transportation and manufacturing and automation, in which he says the programs in those departments are being paused "with the intent to suspend."
Shauna MacDonald, president of the NAIT Academic Staff Association, said it sounds like the decision to eliminate these programs has already been made.
"It was absolutely shocking. This is a huge number of programs. It seems like a real knee-jerk reaction," MacDonald told CBC News.
About 100 staff and faculty members in these programs could be affected, she said.
MacDonald agreed there are new financial pressures, but she said inadequate funding from the provincial government to post-secondary institutions is the bigger issue.
CBC News has contacted the Advanced Education Ministry for comment.
Captioning and court reporting diploma has 'no direct alternative'
Correspondence received by students said the captioning and court reporting diploma program has "no direct alternative," but NAIT will help applicants find other programs that align with their interests.
Students of the program say there is nothing else like it in Western Canada.
Daisy Reyes, who graduates from the program next month and helped restart its club, says it's frustrating to see the community they've built disappear.
"This really just came out of nowhere, just pulling the rug from underneath people's feet who were really looking into the future with this," Reyes said.
She's also worried about what it means for the supply of court reporters in Canada.
"I just don't understand where they're headed with this. I feel like there's no foresight into how this affects, not only the court reporting industry, but also the legal industry," she said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
11 minutes ago
- Globe and Mail
Billionaire Philippe Laffont of Coatue Management Is Piling Into 3 Highly Volatile Momentum Stocks
Nothing holds more importance on Wall Street than data. The problem is the amount of data announced via earnings reports and economic releases can easily overwhelm investors and allow something of importance to be overlooked. For instance, May 15 marked the deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. This filing provides investors with a snapshot of which stocks Wall Street's brightest money managers bought and sold in the previous quarter (the first quarter, in this case). Because of earnings season and the monthly inflation report, investors could have easily overlooked this deadline. Even though 13Fs aren't perfect -- they can provide a stale snapshot for active hedge funds -- they're helpful in identifying which stocks and trends are piquing the attention of Wall Street's leading money managers. While Berkshire Hathaway 's Warren Buffett is typically the most-followed of all asset managers, he's not the only billionaire with a keen eye for value or potential moneymakers. Coatue Management's billionaire chief, Philippe Laffont, has an affinity for picking out a mix of growth, value, and momentum stocks for the nearly $22.7 billion investment portfolio he oversees. During the March-ended quarter, Laffont began piling into three highly volatile momentum stocks. QuantumScape The first exceptionally volatile stock that Laffont couldn't seem to get enough of in the first quarter is solid-state lithium-metal batteries developer QuantumScape (NYSE: QS). Coatue's 13F shows that 4,294,995 shares were gobbled up in the March-ended quarter, which in hindsight looks like a smart move. Over a two-day stretch (June 25 and June 26), shares of QuantumScape skyrocketed by 77%. The fire igniting this rally is the company's announcement that its Cobra separator process had entered baseline production. Cobra is QuantumScape's foundational puzzle piece that allows for the mass-production of solid-state batteries for electric vehicles (EVs). More importantly, the company's process aims to meaningfully reduce production costs, all while extending battery life and shortening charging times. In addition to bringing Cobra into baseline production, QuantumScape reached this milestone ahead of schedule. Most startup companies run into unforeseen issues and delays when attempting to get production off the ground. Wall Street is rewarding QuantumScape for exceeding expectations. While the addressable market is sky-high for solid-state batteries in EVs, consumer demand for EVs, for a variety of factors, has been anything from but sky-high of late. Higher auto loan rates, uncertainties regarding the U.S. economy and President Trump's tariff and trade policy, and a lack of EV infrastructure nationwide, are all reasons EV sales have slumped. Until these issues are addressed, there's a lot of fluidity to QuantumScape's future sales. Furthermore, it's fair to be skeptical of a company that, despite entering into baseline production with its newest battery technology, isn't generating any revenue at the moment, is losing a lot of money each quarter, and boasts a $4.3 billion market cap. Suffice it to say, QuantumScape is an intriguing story stock, but one that has a lot to prove to investors. Plug Power A second momentum stock that billionaire Philippe Laffont chose to pile into in the March-ended quarter is hydrogen fuel-cell company Plug Power (NASDAQ: PLUG). Coatue Management scooped up 4,098,713 shares of Plug through the first three months of 2025. While shares of the company are down 43% year to date, as of the closing bell on June 26, they've surged 74% since May 15. Plug Power is a company that's wagering on a "green" future. Though it's roots tie to hydrogen fuel cells found in industrial forklifts, the company's ambitious plan is to oversee electrolyzer plants and infrastructure to supply hydrogen-powered applications. Once again, the addressable market for hydrogen-powered vehicles is substantial. The ability to move away from fossil fuels and toward clean energy has been enticing enough for Plug Power to land partnerships and equity stakes. Just three weeks ago, Plug Power announced an expanded strategic collaboration with Allied Green Ammonia in Uzbekistan, which will rely on Plug's electrolyzer technology for green chemical production. Although Plug Power is further along in the development process than QuantumScape, it shares the same issue in that its operating model is unproven and it's losing money hand over fist. Despite charting a path to positive operating income in 2027 and overall profitability the following year, Plug Power lost more than $2.1 billion last year and has seen its losses balloon in successive years. What's more, since the company is burning through cash at an alarming rate as it expands its green hydrogen infrastructure, it's regularly relied on selling its own stock as a means to raise capital. This is to say that Plug Power's shareholders are commonly being diluted by share issuances designed to keep the lights on. More of these share sales are expected, which is likely to curb any near-term upside in the stock. CoreWeave The third highly volatile momentum stock that Coatue Management's billionaire investor piled into in the first quarter is artificial intelligence (AI)-data center infrastructure giant CoreWeave (NASDAQ: CRWV). Coatue's 13F shows that Laffont picked up 14,402,999 shares of Wall Street's hottest initial public offering, whose shares are higher by 305% since the company went public on March 28. The beauty of CoreWeave's operating model is that it caters to businesses seeking out compute capacity. CoreWeave acquired 250,000 Hopper (H100) graphics processing units (GPUs) from Nvidia (NASDAQ: NVDA) with the goal of leasing out its data center space to needy businesses. Selling its existing chips every five or six years and upgrading to newer/faster hardware should allow CoreWeave to stay relevant and be highly profitable. But to keep with the theme here, CoreWeave's operating model is still in its early stage of expansion and remains unproven. The company had to rely heavily on debt financing to purchase its GPUs, with debt-servicing costs helping to balloon its net loss. Nvidia's accelerated innovation cycle is another potential concern for CoreWeave. Nvidia CEO Jensen Huang is attempting to bring a new advanced chip to market each year. While this should help his company maintain its huge lead in compute capabilities, it could quickly depreciate the value of prior-generation AI-GPUs, such as Hopper. That means CoreWeave's assets may be worth far less than realized a few years from now. Furthermore, it might entice customers to pass on CoreWeave in favor of data centers with newer chips. Lastly, the jaw-dropping addressable market for AI could be constrained by historical precedent. No next-big-thing trend in more than 30 years has escaped an early innings bubble-bursting event. While AI has the look of a game-changing technology over the long run, businesses aren't anywhere close to optimizing this technology as of yet. This suggests investors have, once again, overestimated early stage utility and adoption rates. If the AI bubble were to burst, companies with premium valuations like CoreWeave would be likely to take it on the chin. Should you invest $1,000 in QuantumScape right now? Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and QuantumScape wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025


CTV News
4 hours ago
- CTV News
CTV National News: Lululemon accuses Costco of selling knock-offs in new lawsuit
Watch The lawsuit alleges that some of Lululemon's popular clothing items are being sold as knock-ffs under Costco's signature Kirkland label.


CTV News
4 hours ago
- CTV News
CTV National News: Will PM Mark Carney follow through on July 1 free trade promise?
Watch While some progress has been made, there are still issues with Carney's interprovincial free trade legislation. CTV News' Colton Praill reports.