Canadian universities are examples of unfair and inefficient use of money. Our students pay pretty hefty tuition fees (at least compared to Europe). The best paid, tenured,  profs hardly teach any classes, while students are taught by grad students (who work for beer money) and contract teaching staff (most of them extremely well qualified: mostly PhD) who have no job security, no benefits, and are paid less than caretakers. U of T even uses UNPAID instructors (who do it for the prestige of teaching at U of T). It is a disgrace.