Conestoga College has reported a $121M surplus in its 2024-25 fiscal year and is anticipating a fiscal deficit in 2025-26, report CBC and City News. Conestoga Associate Director of Corporate Communications Erika Kastner stated that the college plans to reduce labour and operational costs in order to “position the college for a stable and sustainable future.” Union leaders spoke to City News to express their frustration with the posted surplus, given the layoffs and job cuts experienced this year. While Conestoga intends to continue to pursue capital projects at its campuses in Cambridge, Waterloo, and Brantford, Guelph Today reports that the college’s Guelph campus project has been deferred until further notice due to a drop in enrolment.
