There are already tools in place to deal with critical financial situations, an emergency plan is already in place in virtually every collective agreement across the country to manage these critical financial situations so that the university's mission, rather than commercial interests, remains the primary concern, which is paramount. This changes a lot of things in that, for example, cuts in all other sectors have to be considered before cuts in the university sector. If cuts in the university sector become necessary, they will be painful and will result in the closure of programs or departments, of course, but they will be made in a way that respects the rights that have been negotiated in collective agreements.
On April 11th, 2024. See this statement in context.