It's wrong to say that nothing has happened since January 22. The measure has been in place since the day it was announced. There's a moratorium on the processing of student permit applications right now. That could mean that some of our institutions may not have a cohort of foreign students registering for the spring term in May. Furthermore, if the provinces don't act quickly, that could also have an impact on the cohort arriving in September. Our institutions are very concerned right now. They don't think applications will be processed promptly enough for a cohort to attend the spring term, and that could have an impact on the September cohort.
The impact on our institutions is immediate. If some cohorts disappear, or if there's a significant decline in the number of foreign students this coming September, that also means there will be fewer graduates in two, three or four years who will remain in the country, apply for permanent residence and take part in the growth and vitality of francophone communities.
That will have an immediate impact on the institutions and a medium-term effect on our communities.