For us, a newly established institution, there has been a major impact. For example, this year's refusal rate was almost 75%. Add to that the fact that, as my colleague from Saskatchewan pointed out, courses were done virtually, which delayed the process. Many applicants, about 30%, never even got a response. We sent emails to our candidates to see what was happening, and 30% of them said they had never received any response from the application processing centre. We therefore assumed they had been rejected.
You also have to understand that, when students apply for a study permit, generally they wait to hear back before they decide to enroll at a university. This is detrimental to them, if you consider that they wait several months and miss out on their academic year because the response arrives maybe three, four or five months later, after courses have begun. It also tarnishes Canada's brand image abroad. That's something else to consider.
To conclude my answer, I would say that the repercussions for an institution like ours are huge, and they will stay that way until this problem is taken seriously.