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St. Thomas University in Canada will shut down its men's hockey team because of a universitywide budget deficit at the institution, in New Brunswick. St. Thomas officials said they will save $245,000 annually with the move, which they said was necessary to protect other priorities.

CBC News cited an email that the university's president, Dawn Russell, sent to students in which she said that the university could no longer afford to keep a team in its highly competitive league.

"We also cannot overlook the fact that men's hockey in the Atlantic University Sport is the most competitive conference in the country, a near professional level of competition, and requires a significant financial commitment," Russell wrote.