Universities are non-profit organizations in Canada. I agree that they don’t need unlimited growth, but the consequence of not funding them is a decrease in the quality of education and the country’s ability to be at the forefront of research.
They are absolutely hurting right now, btw. One consequence of this is some (small) amount of improved efficiency, but the reality if this continues is a degradation of post-secondary education.
For example, more and more high school students will struggle to get into good programs, and then eventually, we just won’t have good programs.
Why are you yelling at CBC journalists? They make this very clear in this very article: