The federal and provincial governments have been underfunding universities for decades. Recently, universities were able to start recruiting foreign students to make up for the shortfall, but it looks like that money tap will be turned down. It doesn't look like there's a plan to make up for it.
At the same time, the feds want to
recruit more than 1,000 top international researchers to Canada, with the budget injecting up to $1.7-billion into a suite of recruitment measures.
That'll be tough if universities see their income crater.
Most rigorous studies show that immigration is to the net financial benefit of a nation but the increase of foreign students in Canada is really just a story of capitalist greed. The quality of education is far too low for the cost of tuition and I'd argue its an extremist capitalist position to expect infinite growth from a nations productivity and to see decreasing fertility as an existential threat.
Now it's complicated in Canada because social services are funded by the current tax payer base and Boomers are about to decimate the healthcare system as they get older and sicker. But bringing folks over on false pretenses is not the solution to that.