Skimming the actual article tells me that Acadia and Saint Mary's (the two universities at issue) either have some unusual financial problems or are using their money irresponsibly. Other universities in the province, ranging from Dalhousie (the largest, I believe) to St. Francis Xavier (which is pretty tiny) are not expecting any financial issues of significance, so this is not a general problem with university funding in Nova Scotia, it's a problem with these two institutions.

This is the best summary I could come up with:

Earlier this year, the federal government decreased the number of undergraduate study permits by 35 per cent, in part over concern about the impact international students are having on the housing market.

For context, the university had revenues of $140 million for the year ending March 31, 2023 in its latest annual financial report.

The anticipated reduction in tuition revenue from international students is happening alongside other financial woes at the university and declining long-term enrolment.

"The biggest hit was the delay to the process and the damage to Canada's brand as a country that welcomes international students," wrote spokesperson Cindy MacKenzie.

"I think we need to rebuild our brand globally as well because the sort of chatter around the globe when we were going through these changes and the implementations were put forth is that Canada is in a bit of a disarray," he said.

David Dingwall, the president of CBU, previously told CBC News his institution is facing a major financial problem unless it is able to convince immigration officials to grant more prospective students the permits they apply for.

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