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House Hansard - 257

44th Parl. 1st Sess.
November 28, 2023 10:00AM
Context: House Hansard - 257 - Nov/28/23
Ms. Viviane Lapointe (Sudbury, Lib.)
  • Nov/28/23 2:14:35 p.m.
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Mr. Speaker, two years ago, the community of Sudbury was stunned by the news that Laurentian University, facing a dire financial crisis, chose to pursue the CCAA process. The results were significant job losses, programming cuts and far too many students' education placed in jeopardy. These losses represent a generational impact to Sudbury. When we met with faculty, unions and members from the community, it was clear we needed to take action to ensure this never happens again, not in Sudbury and not anywhere in Canada. Last week, as part of the fall economic statement, our government announced its plans to amend the CCAA to prevent any and all post-secondary institutions from accessing the Bankruptcy Act as a means of dealing with financial hardships. Our government is taking the necessary steps to preserve the security of students' education and the employment of university faculty and staff. The people of Sudbury have been heard on this important matter.
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