Algoma U posts small surplus

Algoma University barely finished its last fiscal year in the black as tuition revenue plunged. The post-secondary institution recorded a surplus of $1.1 million for 2025-26. The fiscal year ended April 30. That compares to a surplus of $52.1 million in 2024-25. Chief financial officer Richard Peters noted “a very challenging economic and enrolment environment” for Algoma during the most recent 12-month span. The largest source of income, student tuition, fell from $234.5 million in