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At this year's Lunar New Year Staff Party, the President wished every member of staff, their families and the University a prosperous and productive Year of the Goat. Professor H K Chang was doing his best to pep up staff spirit in the face of a "gloomy" budgetary outlook for local universities, a scenario that has captured intense media and staff attention since late last year.
In a time of economic recession and imminent, substantial cuts in public funding, Professor Robert Prichard, former president of the University of Toronto and President and CE" of Torstar Corporation, gave local universities an uplifting message: institutional advancement, pursued professionally and persistently, can make a powerful difference in opening new sources of alternative funding.

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