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Host Saskatchewan pays Canadian Hockey League for Memorial Cup loss

REGINA - The Saskatchewan government is taking a hit of about $668,000 on the Memorial Cup junior hockey championship held in Saskatoon last May. The province has just approved payment to the Canadian Hockey League because the event didn't meet a profit guarantee of $3.5 million that was made when Saskatoon bid to hold the championship. "The Memorial Cup was a successful event," Tim McMillan, minister responsible for Tourism Saskatchewan, said Monday.

University of Saskatchewan president explains its financial challenges

SASKATOON - The president of the University of Saskatchewan says the school is not in financial trouble despite layoffs, program cuts and a projected $3.3 million operating deficit. The university expects to eliminate up to 200 positions by the end of June. Ilene Busch-Vishniac (bush-VIZH-nee-ak) told the Saskatoon Chamber of Commerce that without belt-tightening the university would be about $44 million in the red within a few years. She says the university is also trying to resolve problems with its College of Medicine, which is under probation.
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