OTTAWA, Sept. 4 /CNW Telbec/ - According to a Statistics Canada report
released earlier today students aged 15-24 faced the second highest summer
unemployment rate on record at 19.2%, furthering concerns that many students
will not have enough money to make it through the year. Student unemployment
reached a record high for the month of August at 16.4%.
"While politicians focus on making gains for themselves in a potential
fall election, students are wondering how they will make ends meet this year,"
said Katherine Giroux-Bougard, National Chairperson of the Canadian Federation
of Students. "With summer unemployment at a record high and the vast majority
of students facing tuition fee increases this fall, students are being left
out in the cold."
Students continue to be hit hard by the recession. A recent Ipsos Reid
poll found that over half of college and university students are concerned
they will run out of money by the end of the year. Many students who were
unable to find work this summer will be forced to borrow more, adding to
already record high student debt.
"Post-secondary education and training is an essential part of ongoing
economic recovery," added Giroux-Bougard. "Students are calling on all
political parties to commit to reducing tuition fees and increasing funding
for student financial aid."
The Canadian Federation of Students is Canada's largest student
organisation. It is composed of over 80 university and college students'
associations with a combined membership of over one half million students.
For further information:
For further information: Katherine Giroux-Bougard, National Chairperson,