Wait for the facts
Everybody should just wait for the facts. I assume this is serious, and it will take as long as it takes.
As for cutting the program, that may not be the worst thing to happen. Sometimes schools are better off to have a few select programs, focus on those, do them well, and not attempt the rest. Without Dalhousie, the AUS still has nearby Saint Mary's. The only area without a team right now is Newfoundland. Otherwise the country is covered. (Outside of Atlantic Canada, Hamilton and Quebec City could use teams and perhaps a French team in Montreal. But that's outside of this discussion.)
And how do we know that cutting the program is being considered? Usually advance notice is given so that potential benefactors can come forward.