New funding formula for universities announced; basic operating grants will be separated from a special $50 million research and accessibility fund.
National Forum on Post-Secondary Education held (October) in Saskatoon.
October 19 is Black Monday, the biggest stock market crash since 1929.
Canada–United States Free Trade Agreement (CUSFTA) comes into effect.
OCUFA launches its first multi-language advertising campaign, noting that qualified students are being turned away from Ontario universities and “to make parents aware of the fact that it is much more difficult now to get their children into any of our post-secondary institutions.”